\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n
\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n
\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n
\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n
\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

First Continental Report on Agenda 2063<\/h3>\n\n\n\n

The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

First Continental Report on Agenda 2063<\/h3>\n\n\n\n

The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

First Continental Report on Agenda 2063<\/h3>\n\n\n\n

The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

First Continental Report on Agenda 2063<\/h3>\n\n\n\n

The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

First Continental Report on Agenda 2063<\/h3>\n\n\n\n

The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n
\"African
African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

First Continental Report on Agenda 2063<\/h3>\n\n\n\n

The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
\"African
African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

First Continental Report on Agenda 2063<\/h3>\n\n\n\n

The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

 <\/p>\n\n\n\n

Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
\"African
African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

First Continental Report on Agenda 2063<\/h3>\n\n\n\n

The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
\"African
African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

First Continental Report on Agenda 2063<\/h3>\n\n\n\n

The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
\"African
African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

First Continental Report on Agenda 2063<\/h3>\n\n\n\n

The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
\"African
African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

First Continental Report on Agenda 2063<\/h3>\n\n\n\n

The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
\"African
African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

First Continental Report on Agenda 2063<\/h3>\n\n\n\n

The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
\"African
African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

First Continental Report on Agenda 2063<\/h3>\n\n\n\n

The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
\"African
African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

First Continental Report on Agenda 2063<\/h3>\n\n\n\n

The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
\"African
African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

First Continental Report on Agenda 2063<\/h3>\n\n\n\n

The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
\"African
African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

First Continental Report on Agenda 2063<\/h3>\n\n\n\n

The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n

 <\/p>\n\n\n\n

But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
\"African
African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

First Continental Report on Agenda 2063<\/h3>\n\n\n\n

The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

People-Driven Growth and Development<\/h4>\n\n\n\n

The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

Second Continental Report  <\/h3>\n\n\n\n
\"Regional
Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Improved Continental Performance<\/h4>\n\n\n\n

In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

Shared Heritage and Values<\/h4>\n\n\n\n

In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

 <\/p>\n\n\n\n

Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

Conclusion<\/h2>\n\n\n\n

The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

<\/p>\n\n\n\n

Introduction<\/strong><\/h2>\n\n\n\n

Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

\"Features
Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

<\/p>\n\n\n\n

The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

\"Metaverse
Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

MTN<\/strong><\/h2>\n\n\n\n

Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

\"Image
CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

<\/p>\n\n\n\n

Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

<\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

<\/p>\n\n\n\n

The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

\u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

\u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

<\/p>\n\n\n\n

Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
\"\"
Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

\"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

<\/p>\n\n\n\n

This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

<\/p>\n\n\n\n

Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

\n
  1. Defense of the sovereignty of independent African states<\/li>
  2. Fostering cooperation of African states<\/li>
  3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

     <\/p>\n\n\n\n

    But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

    According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

    What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

    The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

    The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

    ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

    In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

    AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

     <\/p>\n\n\n\n

    Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
    \"African
    African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

    The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

    Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

    The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

    ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

    First Continental Report on Agenda 2063<\/h3>\n\n\n\n

    The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

    The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

    The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

     <\/p>\n\n\n\n

    People-Driven Growth and Development<\/h4>\n\n\n\n

    The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

    With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

    The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

    East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

    ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

    Second Continental Report  <\/h3>\n\n\n\n
    \"Regional
    Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

    The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

    There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

     <\/p>\n\n\n\n

    Improved Continental Performance<\/h4>\n\n\n\n

    In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

    During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

    ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

    Shared Heritage and Values<\/h4>\n\n\n\n

    In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

    This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

     <\/p>\n\n\n\n

    Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

    Conclusion<\/h2>\n\n\n\n

    The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

    <\/p>\n\n\n\n

    Introduction<\/strong><\/h2>\n\n\n\n

    Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

    Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

    The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

    ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

    February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

    \"Features
    Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

    Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

    The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

    These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

    ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

    To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

    Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

    <\/p>\n\n\n\n

    The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

    M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

    \"Metaverse
    Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

    She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

    MTN<\/strong><\/h2>\n\n\n\n

    Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

    Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

    MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

    ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

    The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

    M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

    The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

    \"Image
    CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

    Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

    <\/p>\n\n\n\n

    Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

    <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

    <\/p>\n\n\n\n

    The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

    The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

    ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

    \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

    The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

    \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

    <\/p>\n\n\n\n

    Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
    \"\"
    Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

    According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

    Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

    ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

    The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

    \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

    <\/p>\n\n\n\n

    This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

    While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

    The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

    ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

    How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

    Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

    \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

    Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

    <\/p>\n\n\n\n

    Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

    This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

    \n

    The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

    1. Defense of the sovereignty of independent African states<\/li>
    2. Fostering cooperation of African states<\/li>
    3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

       <\/p>\n\n\n\n

      But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

      According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

      What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

      The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

      The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

      ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

      In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

      AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

       <\/p>\n\n\n\n

      Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
      \"African
      African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

      The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

      Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

      The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

      ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

      First Continental Report on Agenda 2063<\/h3>\n\n\n\n

      The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

      The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

      The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

       <\/p>\n\n\n\n

      People-Driven Growth and Development<\/h4>\n\n\n\n

      The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

      With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

      The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

      East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

      ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

      Second Continental Report  <\/h3>\n\n\n\n
      \"Regional
      Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

      The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

      There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

       <\/p>\n\n\n\n

      Improved Continental Performance<\/h4>\n\n\n\n

      In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

      During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

      ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

      Shared Heritage and Values<\/h4>\n\n\n\n

      In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

      This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

       <\/p>\n\n\n\n

      Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

      Conclusion<\/h2>\n\n\n\n

      The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

      <\/p>\n\n\n\n

      Introduction<\/strong><\/h2>\n\n\n\n

      Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

      Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

      The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

      ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

      February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

      \"Features
      Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

      Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

      The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

      These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

      ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

      To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

      Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

      <\/p>\n\n\n\n

      The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

      M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

      \"Metaverse
      Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

      She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

      MTN<\/strong><\/h2>\n\n\n\n

      Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

      Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

      MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

      ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

      The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

      M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

      The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

      \"Image
      CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

      Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

      <\/p>\n\n\n\n

      Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

      <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

      <\/p>\n\n\n\n

      The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

      The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

      ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

      \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

      The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

      \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

      <\/p>\n\n\n\n

      Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
      \"\"
      Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

      According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

      Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

      ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

      The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

      \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

      <\/p>\n\n\n\n

      This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

      While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

      The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

      ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

      How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

      Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

      \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

      Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

      <\/p>\n\n\n\n

      Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

      This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

      \n

      The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

      The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

      1. Defense of the sovereignty of independent African states<\/li>
      2. Fostering cooperation of African states<\/li>
      3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

         <\/p>\n\n\n\n

        But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

        According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

        What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

        The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

        The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

        ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

        In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

        AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

         <\/p>\n\n\n\n

        Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
        \"African
        African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

        The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

        Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

        The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

        ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

        First Continental Report on Agenda 2063<\/h3>\n\n\n\n

        The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

        The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

        The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

         <\/p>\n\n\n\n

        People-Driven Growth and Development<\/h4>\n\n\n\n

        The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

        With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

        The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

        East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

        ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

        Second Continental Report  <\/h3>\n\n\n\n
        \"Regional
        Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

        The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

        There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

         <\/p>\n\n\n\n

        Improved Continental Performance<\/h4>\n\n\n\n

        In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

        During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

        ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

        Shared Heritage and Values<\/h4>\n\n\n\n

        In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

        This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

         <\/p>\n\n\n\n

        Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

        Conclusion<\/h2>\n\n\n\n

        The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

        <\/p>\n\n\n\n

        Introduction<\/strong><\/h2>\n\n\n\n

        Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

        Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

        The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

        ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

        February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

        \"Features
        Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

        Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

        The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

        These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

        ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

        To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

        Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

        <\/p>\n\n\n\n

        The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

        M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

        \"Metaverse
        Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

        She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

        MTN<\/strong><\/h2>\n\n\n\n

        Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

        Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

        MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

        ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

        The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

        M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

        The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

        \"Image
        CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

        Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

        <\/p>\n\n\n\n

        Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

        <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

        <\/p>\n\n\n\n

        The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

        The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

        ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

        \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

        The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

        \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

        <\/p>\n\n\n\n

        Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
        \"\"
        Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

        According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

        Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

        ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

        The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

        \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

        <\/p>\n\n\n\n

        This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

        While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

        The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

        ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

        How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

        Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

        \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

        Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

        <\/p>\n\n\n\n

        Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

        This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

        \n

        Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

        The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

        The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

        1. Defense of the sovereignty of independent African states<\/li>
        2. Fostering cooperation of African states<\/li>
        3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

           <\/p>\n\n\n\n

          But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

          According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

          What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

          The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

          The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

          ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

          In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

          AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

           <\/p>\n\n\n\n

          Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
          \"African
          African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

          The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

          Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

          The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

          ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

          First Continental Report on Agenda 2063<\/h3>\n\n\n\n

          The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

          The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

          The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

           <\/p>\n\n\n\n

          People-Driven Growth and Development<\/h4>\n\n\n\n

          The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

          With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

          The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

          East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

          ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

          Second Continental Report  <\/h3>\n\n\n\n
          \"Regional
          Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

          The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

          There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

           <\/p>\n\n\n\n

          Improved Continental Performance<\/h4>\n\n\n\n

          In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

          During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

          ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

          Shared Heritage and Values<\/h4>\n\n\n\n

          In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

          This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

           <\/p>\n\n\n\n

          Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

          Conclusion<\/h2>\n\n\n\n

          The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

          <\/p>\n\n\n\n

          Introduction<\/strong><\/h2>\n\n\n\n

          Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

          Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

          The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

          ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

          February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

          \"Features
          Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

          Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

          The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

          These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

          ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

          To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

          Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

          <\/p>\n\n\n\n

          The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

          M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

          \"Metaverse
          Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

          She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

          MTN<\/strong><\/h2>\n\n\n\n

          Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

          Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

          MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

          ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

          The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

          M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

          The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

          \"Image
          CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

          Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

          <\/p>\n\n\n\n

          Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

          <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

          <\/p>\n\n\n\n

          The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

          The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

          ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

          \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

          The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

          \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

          <\/p>\n\n\n\n

          Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
          \"\"
          Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

          According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

          Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

          ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

          The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

          \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

          <\/p>\n\n\n\n

          This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

          While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

          The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

          ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

          How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

          Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

          \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

          Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

          <\/p>\n\n\n\n

          Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

          This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

          \n

          What is the African Agenda 2063?<\/h2>\n\n\n\n

          Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

          The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

          The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

          1. Defense of the sovereignty of independent African states<\/li>
          2. Fostering cooperation of African states<\/li>
          3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

             <\/p>\n\n\n\n

            But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

            According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

            What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

            The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

            The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

            ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

            In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

            AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

             <\/p>\n\n\n\n

            Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
            \"African
            African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

            The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

            Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

            The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

            ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

            First Continental Report on Agenda 2063<\/h3>\n\n\n\n

            The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

            The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

            The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

             <\/p>\n\n\n\n

            People-Driven Growth and Development<\/h4>\n\n\n\n

            The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

            With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

            The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

            East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

            ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

            Second Continental Report  <\/h3>\n\n\n\n
            \"Regional
            Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

            The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

            There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

             <\/p>\n\n\n\n

            Improved Continental Performance<\/h4>\n\n\n\n

            In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

            During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

            ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

            Shared Heritage and Values<\/h4>\n\n\n\n

            In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

            This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

             <\/p>\n\n\n\n

            Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

            Conclusion<\/h2>\n\n\n\n

            The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

            <\/p>\n\n\n\n

            Introduction<\/strong><\/h2>\n\n\n\n

            Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

            Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

            The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

            ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

            February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

            \"Features
            Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

            Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

            The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

            These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

            ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

            To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

            Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

            <\/p>\n\n\n\n

            The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

            M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

            \"Metaverse
            Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

            She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

            MTN<\/strong><\/h2>\n\n\n\n

            Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

            Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

            MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

            ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

            The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

            M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

            The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

            \"Image
            CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

            Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

            <\/p>\n\n\n\n

            Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

            <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

            <\/p>\n\n\n\n

            The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

            The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

            ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

            \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

            The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

            \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

            <\/p>\n\n\n\n

            Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
            \"\"
            Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

            According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

            Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

            ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

            The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

            \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

            <\/p>\n\n\n\n

            This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

            While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

            The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

            ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

            How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

            Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

            \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

            Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

            <\/p>\n\n\n\n

            Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

            This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

            \n

            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

            What is the African Agenda 2063?<\/h2>\n\n\n\n

            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

            1. Defense of the sovereignty of independent African states<\/li>
            2. Fostering cooperation of African states<\/li>
            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

               <\/p>\n\n\n\n

              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

               <\/p>\n\n\n\n

              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
              \"African
              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

               <\/p>\n\n\n\n

              People-Driven Growth and Development<\/h4>\n\n\n\n

              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

              Second Continental Report  <\/h3>\n\n\n\n
              \"Regional
              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

               <\/p>\n\n\n\n

              Improved Continental Performance<\/h4>\n\n\n\n

              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

              Shared Heritage and Values<\/h4>\n\n\n\n

              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

               <\/p>\n\n\n\n

              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

              Conclusion<\/h2>\n\n\n\n

              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

              <\/p>\n\n\n\n

              Introduction<\/strong><\/h2>\n\n\n\n

              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

              \"Features
              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

              <\/p>\n\n\n\n

              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

              \"Metaverse
              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

              MTN<\/strong><\/h2>\n\n\n\n

              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

              \"Image
              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

              <\/p>\n\n\n\n

              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

              <\/p>\n\n\n\n

              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

              <\/p>\n\n\n\n

              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
              \"\"
              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

              <\/p>\n\n\n\n

              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

              <\/p>\n\n\n\n

              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

              \n

              African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

              ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

              What is the African Agenda 2063?<\/h2>\n\n\n\n

              Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

              The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

              The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

              1. Defense of the sovereignty of independent African states<\/li>
              2. Fostering cooperation of African states<\/li>
              3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                 <\/p>\n\n\n\n

                But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                 <\/p>\n\n\n\n

                Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                \"African
                African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                 <\/p>\n\n\n\n

                People-Driven Growth and Development<\/h4>\n\n\n\n

                The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                Second Continental Report  <\/h3>\n\n\n\n
                \"Regional
                Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                 <\/p>\n\n\n\n

                Improved Continental Performance<\/h4>\n\n\n\n

                In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                Shared Heritage and Values<\/h4>\n\n\n\n

                In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                 <\/p>\n\n\n\n

                Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                Conclusion<\/h2>\n\n\n\n

                The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                <\/p>\n\n\n\n

                Introduction<\/strong><\/h2>\n\n\n\n

                Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                \"Features
                Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                <\/p>\n\n\n\n

                The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                \"Metaverse
                Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                MTN<\/strong><\/h2>\n\n\n\n

                Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                \"Image
                CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                <\/p>\n\n\n\n

                Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                <\/p>\n\n\n\n

                The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                <\/p>\n\n\n\n

                Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                \"\"
                Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                <\/p>\n\n\n\n

                This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                <\/p>\n\n\n\n

                Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                \n

                They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                What is the African Agenda 2063?<\/h2>\n\n\n\n

                Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                1. Defense of the sovereignty of independent African states<\/li>
                2. Fostering cooperation of African states<\/li>
                3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                   <\/p>\n\n\n\n

                  But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                  According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                  What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                  The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                  The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                  ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                  In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                  AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                   <\/p>\n\n\n\n

                  Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                  \"African
                  African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                  The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                  Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                  The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                  ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                  First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                  The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                  The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                  The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                   <\/p>\n\n\n\n

                  People-Driven Growth and Development<\/h4>\n\n\n\n

                  The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                  With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                  The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                  East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                  ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                  Second Continental Report  <\/h3>\n\n\n\n
                  \"Regional
                  Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                  The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                  There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                   <\/p>\n\n\n\n

                  Improved Continental Performance<\/h4>\n\n\n\n

                  In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                  During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                  ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                  Shared Heritage and Values<\/h4>\n\n\n\n

                  In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                  This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                   <\/p>\n\n\n\n

                  Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                  Conclusion<\/h2>\n\n\n\n

                  The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                  <\/p>\n\n\n\n

                  Introduction<\/strong><\/h2>\n\n\n\n

                  Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                  Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                  The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                  ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                  February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                  \"Features
                  Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                  Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                  The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                  These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                  ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                  To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                  Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                  <\/p>\n\n\n\n

                  The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                  M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                  \"Metaverse
                  Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                  She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                  MTN<\/strong><\/h2>\n\n\n\n

                  Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                  Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                  MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                  ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                  The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                  M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                  The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                  \"Image
                  CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                  Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                  <\/p>\n\n\n\n

                  Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                  <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                  <\/p>\n\n\n\n

                  The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                  The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                  ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                  \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                  The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                  \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                  <\/p>\n\n\n\n

                  Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                  \"\"
                  Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                  According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                  Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                  ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                  The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                  \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                  <\/p>\n\n\n\n

                  This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                  While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                  The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                  ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                  How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                  Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                  \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                  Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                  <\/p>\n\n\n\n

                  Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                  This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                  \n

                  Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                  They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                  African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                  ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                  What is the African Agenda 2063?<\/h2>\n\n\n\n

                  Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                  The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                  The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                  1. Defense of the sovereignty of independent African states<\/li>
                  2. Fostering cooperation of African states<\/li>
                  3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                     <\/p>\n\n\n\n

                    But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                    According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                    What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                    The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                    The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                    ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                    In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                    AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                     <\/p>\n\n\n\n

                    Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                    \"African
                    African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                    The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                    Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                    The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                    ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                    First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                    The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                    The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                    The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                     <\/p>\n\n\n\n

                    People-Driven Growth and Development<\/h4>\n\n\n\n

                    The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                    With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                    The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                    East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                    ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                    Second Continental Report  <\/h3>\n\n\n\n
                    \"Regional
                    Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                    The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                    There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                     <\/p>\n\n\n\n

                    Improved Continental Performance<\/h4>\n\n\n\n

                    In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                    During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                    ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                    Shared Heritage and Values<\/h4>\n\n\n\n

                    In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                    This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                     <\/p>\n\n\n\n

                    Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                    Conclusion<\/h2>\n\n\n\n

                    The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                    <\/p>\n\n\n\n

                    Introduction<\/strong><\/h2>\n\n\n\n

                    Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                    Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                    The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                    ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                    February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                    \"Features
                    Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                    Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                    The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                    These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                    ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                    To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                    Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                    <\/p>\n\n\n\n

                    The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                    M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                    \"Metaverse
                    Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                    She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                    MTN<\/strong><\/h2>\n\n\n\n

                    Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                    Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                    MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                    ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                    The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                    M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                    The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                    \"Image
                    CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                    Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                    <\/p>\n\n\n\n

                    Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                    <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                    <\/p>\n\n\n\n

                    The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                    The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                    ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                    \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                    The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                    \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                    <\/p>\n\n\n\n

                    Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                    \"\"
                    Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                    According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                    Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                    ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                    The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                    \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                    <\/p>\n\n\n\n

                    This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                    While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                    The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                    ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                    How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                    Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                    \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                    Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                    <\/p>\n\n\n\n

                    Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                    This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                    \n

                    At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                    Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                    They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                    African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                    ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                    What is the African Agenda 2063?<\/h2>\n\n\n\n

                    Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                    The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                    The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                    1. Defense of the sovereignty of independent African states<\/li>
                    2. Fostering cooperation of African states<\/li>
                    3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                       <\/p>\n\n\n\n

                      But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                      According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                      What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                      The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                      The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                      ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                      In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                      AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                       <\/p>\n\n\n\n

                      Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                      \"African
                      African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                      The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                      Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                      The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                      ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                      First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                      The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                      The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                      The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                       <\/p>\n\n\n\n

                      People-Driven Growth and Development<\/h4>\n\n\n\n

                      The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                      With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                      The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                      East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                      ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                      Second Continental Report  <\/h3>\n\n\n\n
                      \"Regional
                      Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                      The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                      There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                       <\/p>\n\n\n\n

                      Improved Continental Performance<\/h4>\n\n\n\n

                      In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                      During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                      ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                      Shared Heritage and Values<\/h4>\n\n\n\n

                      In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                      This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                       <\/p>\n\n\n\n

                      Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                      Conclusion<\/h2>\n\n\n\n

                      The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                      <\/p>\n\n\n\n

                      Introduction<\/strong><\/h2>\n\n\n\n

                      Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                      Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                      The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                      ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                      February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                      \"Features
                      Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                      Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                      The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                      These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                      ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                      To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                      Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                      <\/p>\n\n\n\n

                      The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                      M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                      \"Metaverse
                      Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                      She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                      MTN<\/strong><\/h2>\n\n\n\n

                      Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                      Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                      MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                      ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                      The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                      M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                      The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                      \"Image
                      CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                      Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                      <\/p>\n\n\n\n

                      Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                      <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                      <\/p>\n\n\n\n

                      The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                      The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                      ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                      \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                      The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                      \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                      <\/p>\n\n\n\n

                      Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                      \"\"
                      Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                      According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                      Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                      ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                      The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                      \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                      <\/p>\n\n\n\n

                      This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                      While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                      The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                      ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                      How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                      Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                      \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                      Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                      <\/p>\n\n\n\n

                      Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                      This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                      \n
                      \"Agenda
                      Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                      At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                      Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                      They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                      African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                      ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                      What is the African Agenda 2063?<\/h2>\n\n\n\n

                      Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                      The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                      The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                      1. Defense of the sovereignty of independent African states<\/li>
                      2. Fostering cooperation of African states<\/li>
                      3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                         <\/p>\n\n\n\n

                        But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                        According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                        What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                        The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                        The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                        ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                        In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                        AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                         <\/p>\n\n\n\n

                        Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                        \"African
                        African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                        The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                        Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                        The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                        ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                        First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                        The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                        The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                        The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                         <\/p>\n\n\n\n

                        People-Driven Growth and Development<\/h4>\n\n\n\n

                        The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                        With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                        The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                        East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                        ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                        Second Continental Report  <\/h3>\n\n\n\n
                        \"Regional
                        Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                        The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                        There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                         <\/p>\n\n\n\n

                        Improved Continental Performance<\/h4>\n\n\n\n

                        In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                        During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                        ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                        Shared Heritage and Values<\/h4>\n\n\n\n

                        In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                        This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                         <\/p>\n\n\n\n

                        Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                        Conclusion<\/h2>\n\n\n\n

                        The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                        <\/p>\n\n\n\n

                        Introduction<\/strong><\/h2>\n\n\n\n

                        Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                        Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                        The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                        ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                        February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                        \"Features
                        Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                        Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                        The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                        These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                        ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                        To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                        Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                        <\/p>\n\n\n\n

                        The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                        M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                        \"Metaverse
                        Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                        She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                        MTN<\/strong><\/h2>\n\n\n\n

                        Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                        Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                        MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                        ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                        The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                        M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                        The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                        \"Image
                        CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                        Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                        <\/p>\n\n\n\n

                        Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                        <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                        <\/p>\n\n\n\n

                        The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                        The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                        ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                        \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                        The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                        \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                        <\/p>\n\n\n\n

                        Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                        \"\"
                        Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                        According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                        Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                        ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                        The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                        \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                        <\/p>\n\n\n\n

                        This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                        While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                        The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                        ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                        How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                        Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                        \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                        Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                        <\/p>\n\n\n\n

                        Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                        This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                        \n

                         <\/p>\n\n\n\n

                        \"Agenda
                        Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                        At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                        Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                        They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                        African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                        ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                        What is the African Agenda 2063?<\/h2>\n\n\n\n

                        Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                        The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                        The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                        1. Defense of the sovereignty of independent African states<\/li>
                        2. Fostering cooperation of African states<\/li>
                        3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                           <\/p>\n\n\n\n

                          But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                          According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                          What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                          The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                          The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                          ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                          In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                          AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                           <\/p>\n\n\n\n

                          Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                          \"African
                          African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                          The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                          Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                          The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                          ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                          First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                          The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                          The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                          The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                           <\/p>\n\n\n\n

                          People-Driven Growth and Development<\/h4>\n\n\n\n

                          The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                          With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                          The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                          East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                          ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                          Second Continental Report  <\/h3>\n\n\n\n
                          \"Regional
                          Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                          The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                          There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                           <\/p>\n\n\n\n

                          Improved Continental Performance<\/h4>\n\n\n\n

                          In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                          During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                          ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                          Shared Heritage and Values<\/h4>\n\n\n\n

                          In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                          This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                           <\/p>\n\n\n\n

                          Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                          Conclusion<\/h2>\n\n\n\n

                          The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                          <\/p>\n\n\n\n

                          Introduction<\/strong><\/h2>\n\n\n\n

                          Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                          Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                          The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                          ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                          February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                          \"Features
                          Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                          Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                          The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                          These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                          ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                          To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                          Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                          <\/p>\n\n\n\n

                          The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                          M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                          \"Metaverse
                          Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                          She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                          MTN<\/strong><\/h2>\n\n\n\n

                          Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                          Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                          MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                          ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                          The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                          M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                          The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                          \"Image
                          CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                          Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                          <\/p>\n\n\n\n

                          Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                          <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                          <\/p>\n\n\n\n

                          The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                          The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                          ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                          \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                          The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                          \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                          <\/p>\n\n\n\n

                          Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                          \"\"
                          Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                          According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                          Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                          ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                          The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                          \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                          <\/p>\n\n\n\n

                          This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                          While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                          The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                          ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                          How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                          Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                          \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                          Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                          <\/p>\n\n\n\n

                          Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                          This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                          \n

                          Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                           <\/p>\n\n\n\n

                          \"Agenda
                          Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                          At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                          Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                          They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                          African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                          ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                          What is the African Agenda 2063?<\/h2>\n\n\n\n

                          Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                          The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                          The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                          1. Defense of the sovereignty of independent African states<\/li>
                          2. Fostering cooperation of African states<\/li>
                          3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                             <\/p>\n\n\n\n

                            But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                            According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                            What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                            The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                            The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                            In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                            AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                             <\/p>\n\n\n\n

                            Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                            \"African
                            African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                            The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                            Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                            The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                            First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                            The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                            The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                            The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                             <\/p>\n\n\n\n

                            People-Driven Growth and Development<\/h4>\n\n\n\n

                            The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                            With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                            The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                            East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                            Second Continental Report  <\/h3>\n\n\n\n
                            \"Regional
                            Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                            The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                            There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                             <\/p>\n\n\n\n

                            Improved Continental Performance<\/h4>\n\n\n\n

                            In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                            During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                            Shared Heritage and Values<\/h4>\n\n\n\n

                            In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                            This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                             <\/p>\n\n\n\n

                            Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                            <\/p>\n\n\n\n

                            Introduction<\/strong><\/h2>\n\n\n\n

                            Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                            Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                            The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                            February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                            \"Features
                            Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                            Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                            The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                            These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                            ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                            To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                            Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                            <\/p>\n\n\n\n

                            The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                            M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                            \"Metaverse
                            Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                            She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                            MTN<\/strong><\/h2>\n\n\n\n

                            Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                            Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                            MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                            ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                            The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                            M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                            The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                            \"Image
                            CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                            Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                            <\/p>\n\n\n\n

                            Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                            <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                            <\/p>\n\n\n\n

                            The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                            The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                            ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                            \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                            The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                            \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                            <\/p>\n\n\n\n

                            Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                            \"\"
                            Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                            According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                            Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                            ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                            The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                            \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                            <\/p>\n\n\n\n

                            This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                            While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                            The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                            ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                            How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                            Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                            Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                            <\/p>\n\n\n\n

                            Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                            This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            They also resolved to explore ways to cooperate regionally and internationally in COVID-19 vaccine production.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Another resolution was allocating adequate resources to establish resilient, inclusive, and sustainable health systems. They noted the technologies and scientific tools developed during the pandemic and agreed to enhance innovation and research in healthcare. <\/p>\n\n\n\n

                            They also resolved to explore ways to cooperate regionally and internationally in COVID-19 vaccine production.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            The Commonwealth<\/a> leaders resolved to cooperate with regional and international partners to eliminate the pandemic. According to the leaders, this cooperation will help to transition toward long-term COVID-19 control. They emphasized the need for affordable, efficacious, and safe COVID-19 diagnostics, therapeutics, and vaccines. <\/p>\n\n\n\n

                            Another resolution was allocating adequate resources to establish resilient, inclusive, and sustainable health systems. They noted the technologies and scientific tools developed during the pandemic and agreed to enhance innovation and research in healthcare. <\/p>\n\n\n\n

                            They also resolved to explore ways to cooperate regionally and internationally in COVID-19 vaccine production.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            COVID-19 Situation<\/h3>\n\n\n\n

                            The Commonwealth<\/a> leaders resolved to cooperate with regional and international partners to eliminate the pandemic. According to the leaders, this cooperation will help to transition toward long-term COVID-19 control. They emphasized the need for affordable, efficacious, and safe COVID-19 diagnostics, therapeutics, and vaccines. <\/p>\n\n\n\n

                            Another resolution was allocating adequate resources to establish resilient, inclusive, and sustainable health systems. They noted the technologies and scientific tools developed during the pandemic and agreed to enhance innovation and research in healthcare. <\/p>\n\n\n\n

                            They also resolved to explore ways to cooperate regionally and internationally in COVID-19 vaccine production.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Subsequently, they renewed their commitment to implement the Paris Agreement resolution on limiting global temperature increase to 1.5 degrees Celsius. Also, they stressed the urgency to enhance actions to mitigate, finance, and adapt gaps in the implementation of the Paris Agreement goals on climate change. <\/p>\n\n\n\n

                            COVID-19 Situation<\/h3>\n\n\n\n

                            The Commonwealth<\/a> leaders resolved to cooperate with regional and international partners to eliminate the pandemic. According to the leaders, this cooperation will help to transition toward long-term COVID-19 control. They emphasized the need for affordable, efficacious, and safe COVID-19 diagnostics, therapeutics, and vaccines. <\/p>\n\n\n\n

                            Another resolution was allocating adequate resources to establish resilient, inclusive, and sustainable health systems. They noted the technologies and scientific tools developed during the pandemic and agreed to enhance innovation and research in healthcare. <\/p>\n\n\n\n

                            They also resolved to explore ways to cooperate regionally and internationally in COVID-19 vaccine production.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Commonwealth leaders acknowledged that the threat of climate change further worsens existing vulnerabilities. In addition, it presents a huge threat to sustainable development and COVID-19 recovery efforts. <\/p>\n\n\n\n

                            Subsequently, they renewed their commitment to implement the Paris Agreement resolution on limiting global temperature increase to 1.5 degrees Celsius. Also, they stressed the urgency to enhance actions to mitigate, finance, and adapt gaps in the implementation of the Paris Agreement goals on climate change. <\/p>\n\n\n\n

                            COVID-19 Situation<\/h3>\n\n\n\n

                            The Commonwealth<\/a> leaders resolved to cooperate with regional and international partners to eliminate the pandemic. According to the leaders, this cooperation will help to transition toward long-term COVID-19 control. They emphasized the need for affordable, efficacious, and safe COVID-19 diagnostics, therapeutics, and vaccines. <\/p>\n\n\n\n

                            Another resolution was allocating adequate resources to establish resilient, inclusive, and sustainable health systems. They noted the technologies and scientific tools developed during the pandemic and agreed to enhance innovation and research in healthcare. <\/p>\n\n\n\n

                            They also resolved to explore ways to cooperate regionally and internationally in COVID-19 vaccine production.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Climate Change<\/h3>\n\n\n\n

                            Commonwealth leaders acknowledged that the threat of climate change further worsens existing vulnerabilities. In addition, it presents a huge threat to sustainable development and COVID-19 recovery efforts. <\/p>\n\n\n\n

                            Subsequently, they renewed their commitment to implement the Paris Agreement resolution on limiting global temperature increase to 1.5 degrees Celsius. Also, they stressed the urgency to enhance actions to mitigate, finance, and adapt gaps in the implementation of the Paris Agreement goals on climate change. <\/p>\n\n\n\n

                            COVID-19 Situation<\/h3>\n\n\n\n

                            The Commonwealth<\/a> leaders resolved to cooperate with regional and international partners to eliminate the pandemic. According to the leaders, this cooperation will help to transition toward long-term COVID-19 control. They emphasized the need for affordable, efficacious, and safe COVID-19 diagnostics, therapeutics, and vaccines. <\/p>\n\n\n\n

                            Another resolution was allocating adequate resources to establish resilient, inclusive, and sustainable health systems. They noted the technologies and scientific tools developed during the pandemic and agreed to enhance innovation and research in healthcare. <\/p>\n\n\n\n

                            They also resolved to explore ways to cooperate regionally and internationally in COVID-19 vaccine production.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            ALSO READ:<\/strong> 9 African Style Shoes For A Stylish Public Statement<\/a><\/p>\n\n\n\n

                            Climate Change<\/h3>\n\n\n\n

                            Commonwealth leaders acknowledged that the threat of climate change further worsens existing vulnerabilities. In addition, it presents a huge threat to sustainable development and COVID-19 recovery efforts. <\/p>\n\n\n\n

                            Subsequently, they renewed their commitment to implement the Paris Agreement resolution on limiting global temperature increase to 1.5 degrees Celsius. Also, they stressed the urgency to enhance actions to mitigate, finance, and adapt gaps in the implementation of the Paris Agreement goals on climate change. <\/p>\n\n\n\n

                            COVID-19 Situation<\/h3>\n\n\n\n

                            The Commonwealth<\/a> leaders resolved to cooperate with regional and international partners to eliminate the pandemic. According to the leaders, this cooperation will help to transition toward long-term COVID-19 control. They emphasized the need for affordable, efficacious, and safe COVID-19 diagnostics, therapeutics, and vaccines. <\/p>\n\n\n\n

                            Another resolution was allocating adequate resources to establish resilient, inclusive, and sustainable health systems. They noted the technologies and scientific tools developed during the pandemic and agreed to enhance innovation and research in healthcare. <\/p>\n\n\n\n

                            They also resolved to explore ways to cooperate regionally and internationally in COVID-19 vaccine production.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Subsequently, Covid-19 was one of the main discussion topics. Others were climate change, gender equality, and youth unemployment. Let\u2019s jump into some key resolutions reached concerning these issues.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 9 African Style Shoes For A Stylish Public Statement<\/a><\/p>\n\n\n\n

                            Climate Change<\/h3>\n\n\n\n

                            Commonwealth leaders acknowledged that the threat of climate change further worsens existing vulnerabilities. In addition, it presents a huge threat to sustainable development and COVID-19 recovery efforts. <\/p>\n\n\n\n

                            Subsequently, they renewed their commitment to implement the Paris Agreement resolution on limiting global temperature increase to 1.5 degrees Celsius. Also, they stressed the urgency to enhance actions to mitigate, finance, and adapt gaps in the implementation of the Paris Agreement goals on climate change. <\/p>\n\n\n\n

                            COVID-19 Situation<\/h3>\n\n\n\n

                            The Commonwealth<\/a> leaders resolved to cooperate with regional and international partners to eliminate the pandemic. According to the leaders, this cooperation will help to transition toward long-term COVID-19 control. They emphasized the need for affordable, efficacious, and safe COVID-19 diagnostics, therapeutics, and vaccines. <\/p>\n\n\n\n

                            Another resolution was allocating adequate resources to establish resilient, inclusive, and sustainable health systems. They noted the technologies and scientific tools developed during the pandemic and agreed to enhance innovation and research in healthcare. <\/p>\n\n\n\n

                            They also resolved to explore ways to cooperate regionally and internationally in COVID-19 vaccine production.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            The theme of the 2022 CHOGM was \u201cDelivering a Common Future: Connecting, Innovating, Transforming.\u201d The 2022 Commonwealth heads of government meeting was possible because of the rescinding COVID-19 incidences due to mass vaccination.<\/p>\n\n\n\n

                            Subsequently, Covid-19 was one of the main discussion topics. Others were climate change, gender equality, and youth unemployment. Let\u2019s jump into some key resolutions reached concerning these issues.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 9 African Style Shoes For A Stylish Public Statement<\/a><\/p>\n\n\n\n

                            Climate Change<\/h3>\n\n\n\n

                            Commonwealth leaders acknowledged that the threat of climate change further worsens existing vulnerabilities. In addition, it presents a huge threat to sustainable development and COVID-19 recovery efforts. <\/p>\n\n\n\n

                            Subsequently, they renewed their commitment to implement the Paris Agreement resolution on limiting global temperature increase to 1.5 degrees Celsius. Also, they stressed the urgency to enhance actions to mitigate, finance, and adapt gaps in the implementation of the Paris Agreement goals on climate change. <\/p>\n\n\n\n

                            COVID-19 Situation<\/h3>\n\n\n\n

                            The Commonwealth<\/a> leaders resolved to cooperate with regional and international partners to eliminate the pandemic. According to the leaders, this cooperation will help to transition toward long-term COVID-19 control. They emphasized the need for affordable, efficacious, and safe COVID-19 diagnostics, therapeutics, and vaccines. <\/p>\n\n\n\n

                            Another resolution was allocating adequate resources to establish resilient, inclusive, and sustainable health systems. They noted the technologies and scientific tools developed during the pandemic and agreed to enhance innovation and research in healthcare. <\/p>\n\n\n\n

                            They also resolved to explore ways to cooperate regionally and internationally in COVID-19 vaccine production.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \"The
                            Queen Elizabeth II, Head of The Commonwealth (Photo credit: @CHOGM2022\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            The theme of the 2022 CHOGM was \u201cDelivering a Common Future: Connecting, Innovating, Transforming.\u201d The 2022 Commonwealth heads of government meeting was possible because of the rescinding COVID-19 incidences due to mass vaccination.<\/p>\n\n\n\n

                            Subsequently, Covid-19 was one of the main discussion topics. Others were climate change, gender equality, and youth unemployment. Let\u2019s jump into some key resolutions reached concerning these issues.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 9 African Style Shoes For A Stylish Public Statement<\/a><\/p>\n\n\n\n

                            Climate Change<\/h3>\n\n\n\n

                            Commonwealth leaders acknowledged that the threat of climate change further worsens existing vulnerabilities. In addition, it presents a huge threat to sustainable development and COVID-19 recovery efforts. <\/p>\n\n\n\n

                            Subsequently, they renewed their commitment to implement the Paris Agreement resolution on limiting global temperature increase to 1.5 degrees Celsius. Also, they stressed the urgency to enhance actions to mitigate, finance, and adapt gaps in the implementation of the Paris Agreement goals on climate change. <\/p>\n\n\n\n

                            COVID-19 Situation<\/h3>\n\n\n\n

                            The Commonwealth<\/a> leaders resolved to cooperate with regional and international partners to eliminate the pandemic. According to the leaders, this cooperation will help to transition toward long-term COVID-19 control. They emphasized the need for affordable, efficacious, and safe COVID-19 diagnostics, therapeutics, and vaccines. <\/p>\n\n\n\n

                            Another resolution was allocating adequate resources to establish resilient, inclusive, and sustainable health systems. They noted the technologies and scientific tools developed during the pandemic and agreed to enhance innovation and research in healthcare. <\/p>\n\n\n\n

                            They also resolved to explore ways to cooperate regionally and internationally in COVID-19 vaccine production.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Major Resolutions Reached at CHOGM 2022<\/h2>\n\n\n\n
                            \"The
                            Queen Elizabeth II, Head of The Commonwealth (Photo credit: @CHOGM2022\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            The theme of the 2022 CHOGM was \u201cDelivering a Common Future: Connecting, Innovating, Transforming.\u201d The 2022 Commonwealth heads of government meeting was possible because of the rescinding COVID-19 incidences due to mass vaccination.<\/p>\n\n\n\n

                            Subsequently, Covid-19 was one of the main discussion topics. Others were climate change, gender equality, and youth unemployment. Let\u2019s jump into some key resolutions reached concerning these issues.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 9 African Style Shoes For A Stylish Public Statement<\/a><\/p>\n\n\n\n

                            Climate Change<\/h3>\n\n\n\n

                            Commonwealth leaders acknowledged that the threat of climate change further worsens existing vulnerabilities. In addition, it presents a huge threat to sustainable development and COVID-19 recovery efforts. <\/p>\n\n\n\n

                            Subsequently, they renewed their commitment to implement the Paris Agreement resolution on limiting global temperature increase to 1.5 degrees Celsius. Also, they stressed the urgency to enhance actions to mitigate, finance, and adapt gaps in the implementation of the Paris Agreement goals on climate change. <\/p>\n\n\n\n

                            COVID-19 Situation<\/h3>\n\n\n\n

                            The Commonwealth<\/a> leaders resolved to cooperate with regional and international partners to eliminate the pandemic. According to the leaders, this cooperation will help to transition toward long-term COVID-19 control. They emphasized the need for affordable, efficacious, and safe COVID-19 diagnostics, therapeutics, and vaccines. <\/p>\n\n\n\n

                            Another resolution was allocating adequate resources to establish resilient, inclusive, and sustainable health systems. They noted the technologies and scientific tools developed during the pandemic and agreed to enhance innovation and research in healthcare. <\/p>\n\n\n\n

                            They also resolved to explore ways to cooperate regionally and internationally in COVID-19 vaccine production.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            It was the 26th summit meeting with the first one having taken place in 1971 in Singapore. Here is a snippet of key resolutions and what leaders had to say.<\/p>\n\n\n\n

                            Major Resolutions Reached at CHOGM 2022<\/h2>\n\n\n\n
                            \"The
                            Queen Elizabeth II, Head of The Commonwealth (Photo credit: @CHOGM2022\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            The theme of the 2022 CHOGM was \u201cDelivering a Common Future: Connecting, Innovating, Transforming.\u201d The 2022 Commonwealth heads of government meeting was possible because of the rescinding COVID-19 incidences due to mass vaccination.<\/p>\n\n\n\n

                            Subsequently, Covid-19 was one of the main discussion topics. Others were climate change, gender equality, and youth unemployment. Let\u2019s jump into some key resolutions reached concerning these issues.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 9 African Style Shoes For A Stylish Public Statement<\/a><\/p>\n\n\n\n

                            Climate Change<\/h3>\n\n\n\n

                            Commonwealth leaders acknowledged that the threat of climate change further worsens existing vulnerabilities. In addition, it presents a huge threat to sustainable development and COVID-19 recovery efforts. <\/p>\n\n\n\n

                            Subsequently, they renewed their commitment to implement the Paris Agreement resolution on limiting global temperature increase to 1.5 degrees Celsius. Also, they stressed the urgency to enhance actions to mitigate, finance, and adapt gaps in the implementation of the Paris Agreement goals on climate change. <\/p>\n\n\n\n

                            COVID-19 Situation<\/h3>\n\n\n\n

                            The Commonwealth<\/a> leaders resolved to cooperate with regional and international partners to eliminate the pandemic. According to the leaders, this cooperation will help to transition toward long-term COVID-19 control. They emphasized the need for affordable, efficacious, and safe COVID-19 diagnostics, therapeutics, and vaccines. <\/p>\n\n\n\n

                            Another resolution was allocating adequate resources to establish resilient, inclusive, and sustainable health systems. They noted the technologies and scientific tools developed during the pandemic and agreed to enhance innovation and research in healthcare. <\/p>\n\n\n\n

                            They also resolved to explore ways to cooperate regionally and internationally in COVID-19 vaccine production.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            The 2022 CHOGM took place in Kigali, Rwanda, from 20th to 25th June. Leaders met for the week-long summit after it was delayed since June 2020 as a result of the pandemic. <\/p>\n\n\n\n

                            It was the 26th summit meeting with the first one having taken place in 1971 in Singapore. Here is a snippet of key resolutions and what leaders had to say.<\/p>\n\n\n\n

                            Major Resolutions Reached at CHOGM 2022<\/h2>\n\n\n\n
                            \"The
                            Queen Elizabeth II, Head of The Commonwealth (Photo credit: @CHOGM2022\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            The theme of the 2022 CHOGM was \u201cDelivering a Common Future: Connecting, Innovating, Transforming.\u201d The 2022 Commonwealth heads of government meeting was possible because of the rescinding COVID-19 incidences due to mass vaccination.<\/p>\n\n\n\n

                            Subsequently, Covid-19 was one of the main discussion topics. Others were climate change, gender equality, and youth unemployment. Let\u2019s jump into some key resolutions reached concerning these issues.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 9 African Style Shoes For A Stylish Public Statement<\/a><\/p>\n\n\n\n

                            Climate Change<\/h3>\n\n\n\n

                            Commonwealth leaders acknowledged that the threat of climate change further worsens existing vulnerabilities. In addition, it presents a huge threat to sustainable development and COVID-19 recovery efforts. <\/p>\n\n\n\n

                            Subsequently, they renewed their commitment to implement the Paris Agreement resolution on limiting global temperature increase to 1.5 degrees Celsius. Also, they stressed the urgency to enhance actions to mitigate, finance, and adapt gaps in the implementation of the Paris Agreement goals on climate change. <\/p>\n\n\n\n

                            COVID-19 Situation<\/h3>\n\n\n\n

                            The Commonwealth<\/a> leaders resolved to cooperate with regional and international partners to eliminate the pandemic. According to the leaders, this cooperation will help to transition toward long-term COVID-19 control. They emphasized the need for affordable, efficacious, and safe COVID-19 diagnostics, therapeutics, and vaccines. <\/p>\n\n\n\n

                            Another resolution was allocating adequate resources to establish resilient, inclusive, and sustainable health systems. They noted the technologies and scientific tools developed during the pandemic and agreed to enhance innovation and research in healthcare. <\/p>\n\n\n\n

                            They also resolved to explore ways to cooperate regionally and internationally in COVID-19 vaccine production.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            ALSO READ: <\/strong>Would you guess the happiest countries in Africa? Here is a list of the top 10 according to the UN<\/a><\/p>\n\n\n\n

                            The 2022 CHOGM took place in Kigali, Rwanda, from 20th to 25th June. Leaders met for the week-long summit after it was delayed since June 2020 as a result of the pandemic. <\/p>\n\n\n\n

                            It was the 26th summit meeting with the first one having taken place in 1971 in Singapore. Here is a snippet of key resolutions and what leaders had to say.<\/p>\n\n\n\n

                            Major Resolutions Reached at CHOGM 2022<\/h2>\n\n\n\n
                            \"The
                            Queen Elizabeth II, Head of The Commonwealth (Photo credit: @CHOGM2022\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            The theme of the 2022 CHOGM was \u201cDelivering a Common Future: Connecting, Innovating, Transforming.\u201d The 2022 Commonwealth heads of government meeting was possible because of the rescinding COVID-19 incidences due to mass vaccination.<\/p>\n\n\n\n

                            Subsequently, Covid-19 was one of the main discussion topics. Others were climate change, gender equality, and youth unemployment. Let\u2019s jump into some key resolutions reached concerning these issues.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 9 African Style Shoes For A Stylish Public Statement<\/a><\/p>\n\n\n\n

                            Climate Change<\/h3>\n\n\n\n

                            Commonwealth leaders acknowledged that the threat of climate change further worsens existing vulnerabilities. In addition, it presents a huge threat to sustainable development and COVID-19 recovery efforts. <\/p>\n\n\n\n

                            Subsequently, they renewed their commitment to implement the Paris Agreement resolution on limiting global temperature increase to 1.5 degrees Celsius. Also, they stressed the urgency to enhance actions to mitigate, finance, and adapt gaps in the implementation of the Paris Agreement goals on climate change. <\/p>\n\n\n\n

                            COVID-19 Situation<\/h3>\n\n\n\n

                            The Commonwealth<\/a> leaders resolved to cooperate with regional and international partners to eliminate the pandemic. According to the leaders, this cooperation will help to transition toward long-term COVID-19 control. They emphasized the need for affordable, efficacious, and safe COVID-19 diagnostics, therapeutics, and vaccines. <\/p>\n\n\n\n

                            Another resolution was allocating adequate resources to establish resilient, inclusive, and sustainable health systems. They noted the technologies and scientific tools developed during the pandemic and agreed to enhance innovation and research in healthcare. <\/p>\n\n\n\n

                            They also resolved to explore ways to cooperate regionally and internationally in COVID-19 vaccine production.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            By default, the chair of the meeting takes over as the Commonwealth Chair-in-Office (CIO) until the next CHOGM. <\/strong>Queen Elizabeth II is the head of the Commonwealth.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>Would you guess the happiest countries in Africa? Here is a list of the top 10 according to the UN<\/a><\/p>\n\n\n\n

                            The 2022 CHOGM took place in Kigali, Rwanda, from 20th to 25th June. Leaders met for the week-long summit after it was delayed since June 2020 as a result of the pandemic. <\/p>\n\n\n\n

                            It was the 26th summit meeting with the first one having taken place in 1971 in Singapore. Here is a snippet of key resolutions and what leaders had to say.<\/p>\n\n\n\n

                            Major Resolutions Reached at CHOGM 2022<\/h2>\n\n\n\n
                            \"The
                            Queen Elizabeth II, Head of The Commonwealth (Photo credit: @CHOGM2022\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            The theme of the 2022 CHOGM was \u201cDelivering a Common Future: Connecting, Innovating, Transforming.\u201d The 2022 Commonwealth heads of government meeting was possible because of the rescinding COVID-19 incidences due to mass vaccination.<\/p>\n\n\n\n

                            Subsequently, Covid-19 was one of the main discussion topics. Others were climate change, gender equality, and youth unemployment. Let\u2019s jump into some key resolutions reached concerning these issues.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 9 African Style Shoes For A Stylish Public Statement<\/a><\/p>\n\n\n\n

                            Climate Change<\/h3>\n\n\n\n

                            Commonwealth leaders acknowledged that the threat of climate change further worsens existing vulnerabilities. In addition, it presents a huge threat to sustainable development and COVID-19 recovery efforts. <\/p>\n\n\n\n

                            Subsequently, they renewed their commitment to implement the Paris Agreement resolution on limiting global temperature increase to 1.5 degrees Celsius. Also, they stressed the urgency to enhance actions to mitigate, finance, and adapt gaps in the implementation of the Paris Agreement goals on climate change. <\/p>\n\n\n\n

                            COVID-19 Situation<\/h3>\n\n\n\n

                            The Commonwealth<\/a> leaders resolved to cooperate with regional and international partners to eliminate the pandemic. According to the leaders, this cooperation will help to transition toward long-term COVID-19 control. They emphasized the need for affordable, efficacious, and safe COVID-19 diagnostics, therapeutics, and vaccines. <\/p>\n\n\n\n

                            Another resolution was allocating adequate resources to establish resilient, inclusive, and sustainable health systems. They noted the technologies and scientific tools developed during the pandemic and agreed to enhance innovation and research in healthcare. <\/p>\n\n\n\n

                            They also resolved to explore ways to cooperate regionally and internationally in COVID-19 vaccine production.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            Leaders met to discuss principle global issues and reaffirm their commitment to improving their citizens\u2019 lives. Member countries host the meeting on a rotational basis every two years. The president or prime minister of the host nation chairs the meeting. <\/p>\n\n\n\n

                            By default, the chair of the meeting takes over as the Commonwealth Chair-in-Office (CIO) until the next CHOGM. <\/strong>Queen Elizabeth II is the head of the Commonwealth.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>Would you guess the happiest countries in Africa? Here is a list of the top 10 according to the UN<\/a><\/p>\n\n\n\n

                            The 2022 CHOGM took place in Kigali, Rwanda, from 20th to 25th June. Leaders met for the week-long summit after it was delayed since June 2020 as a result of the pandemic. <\/p>\n\n\n\n

                            It was the 26th summit meeting with the first one having taken place in 1971 in Singapore. Here is a snippet of key resolutions and what leaders had to say.<\/p>\n\n\n\n

                            Major Resolutions Reached at CHOGM 2022<\/h2>\n\n\n\n
                            \"The
                            Queen Elizabeth II, Head of The Commonwealth (Photo credit: @CHOGM2022\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            The theme of the 2022 CHOGM was \u201cDelivering a Common Future: Connecting, Innovating, Transforming.\u201d The 2022 Commonwealth heads of government meeting was possible because of the rescinding COVID-19 incidences due to mass vaccination.<\/p>\n\n\n\n

                            Subsequently, Covid-19 was one of the main discussion topics. Others were climate change, gender equality, and youth unemployment. Let\u2019s jump into some key resolutions reached concerning these issues.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 9 African Style Shoes For A Stylish Public Statement<\/a><\/p>\n\n\n\n

                            Climate Change<\/h3>\n\n\n\n

                            Commonwealth leaders acknowledged that the threat of climate change further worsens existing vulnerabilities. In addition, it presents a huge threat to sustainable development and COVID-19 recovery efforts. <\/p>\n\n\n\n

                            Subsequently, they renewed their commitment to implement the Paris Agreement resolution on limiting global temperature increase to 1.5 degrees Celsius. Also, they stressed the urgency to enhance actions to mitigate, finance, and adapt gaps in the implementation of the Paris Agreement goals on climate change. <\/p>\n\n\n\n

                            COVID-19 Situation<\/h3>\n\n\n\n

                            The Commonwealth<\/a> leaders resolved to cooperate with regional and international partners to eliminate the pandemic. According to the leaders, this cooperation will help to transition toward long-term COVID-19 control. They emphasized the need for affordable, efficacious, and safe COVID-19 diagnostics, therapeutics, and vaccines. <\/p>\n\n\n\n

                            Another resolution was allocating adequate resources to establish resilient, inclusive, and sustainable health systems. They noted the technologies and scientific tools developed during the pandemic and agreed to enhance innovation and research in healthcare. <\/p>\n\n\n\n

                            They also resolved to explore ways to cooperate regionally and internationally in COVID-19 vaccine production.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n

                            The 2022 Commonwealth Heads of Government Meeting (CHOGM) was the first to be held since COVID-19 pandemic. CHOGM is a bi-yearly meeting of presidents and heads of government from the 54 member states of the Commonwealth. The summit is Commonwealth\u2019s highest policy-making and consultative gathering.\u00a0<\/p>\n\n\n\n

                            Leaders met to discuss principle global issues and reaffirm their commitment to improving their citizens\u2019 lives. Member countries host the meeting on a rotational basis every two years. The president or prime minister of the host nation chairs the meeting. <\/p>\n\n\n\n

                            By default, the chair of the meeting takes over as the Commonwealth Chair-in-Office (CIO) until the next CHOGM. <\/strong>Queen Elizabeth II is the head of the Commonwealth.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>Would you guess the happiest countries in Africa? Here is a list of the top 10 according to the UN<\/a><\/p>\n\n\n\n

                            The 2022 CHOGM took place in Kigali, Rwanda, from 20th to 25th June. Leaders met for the week-long summit after it was delayed since June 2020 as a result of the pandemic. <\/p>\n\n\n\n

                            It was the 26th summit meeting with the first one having taken place in 1971 in Singapore. Here is a snippet of key resolutions and what leaders had to say.<\/p>\n\n\n\n

                            Major Resolutions Reached at CHOGM 2022<\/h2>\n\n\n\n
                            \"The
                            Queen Elizabeth II, Head of The Commonwealth (Photo credit: @CHOGM2022\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            The theme of the 2022 CHOGM was \u201cDelivering a Common Future: Connecting, Innovating, Transforming.\u201d The 2022 Commonwealth heads of government meeting was possible because of the rescinding COVID-19 incidences due to mass vaccination.<\/p>\n\n\n\n

                            Subsequently, Covid-19 was one of the main discussion topics. Others were climate change, gender equality, and youth unemployment. Let\u2019s jump into some key resolutions reached concerning these issues.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 9 African Style Shoes For A Stylish Public Statement<\/a><\/p>\n\n\n\n

                            Climate Change<\/h3>\n\n\n\n

                            Commonwealth leaders acknowledged that the threat of climate change further worsens existing vulnerabilities. In addition, it presents a huge threat to sustainable development and COVID-19 recovery efforts. <\/p>\n\n\n\n

                            Subsequently, they renewed their commitment to implement the Paris Agreement resolution on limiting global temperature increase to 1.5 degrees Celsius. Also, they stressed the urgency to enhance actions to mitigate, finance, and adapt gaps in the implementation of the Paris Agreement goals on climate change. <\/p>\n\n\n\n

                            COVID-19 Situation<\/h3>\n\n\n\n

                            The Commonwealth<\/a> leaders resolved to cooperate with regional and international partners to eliminate the pandemic. According to the leaders, this cooperation will help to transition toward long-term COVID-19 control. They emphasized the need for affordable, efficacious, and safe COVID-19 diagnostics, therapeutics, and vaccines. <\/p>\n\n\n\n

                            Another resolution was allocating adequate resources to establish resilient, inclusive, and sustainable health systems. They noted the technologies and scientific tools developed during the pandemic and agreed to enhance innovation and research in healthcare. <\/p>\n\n\n\n

                            They also resolved to explore ways to cooperate regionally and internationally in COVID-19 vaccine production.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

                            \n
                            \"Commonwealth
                            Commonwealth Heads of Government at 2022 CHOGM (Photo credit: The Commonwealth<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                            The 2022 Commonwealth Heads of Government Meeting (CHOGM) was the first to be held since COVID-19 pandemic. CHOGM is a bi-yearly meeting of presidents and heads of government from the 54 member states of the Commonwealth. The summit is Commonwealth\u2019s highest policy-making and consultative gathering.\u00a0<\/p>\n\n\n\n

                            Leaders met to discuss principle global issues and reaffirm their commitment to improving their citizens\u2019 lives. Member countries host the meeting on a rotational basis every two years. The president or prime minister of the host nation chairs the meeting. <\/p>\n\n\n\n

                            By default, the chair of the meeting takes over as the Commonwealth Chair-in-Office (CIO) until the next CHOGM. <\/strong>Queen Elizabeth II is the head of the Commonwealth.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>Would you guess the happiest countries in Africa? Here is a list of the top 10 according to the UN<\/a><\/p>\n\n\n\n

                            The 2022 CHOGM took place in Kigali, Rwanda, from 20th to 25th June. Leaders met for the week-long summit after it was delayed since June 2020 as a result of the pandemic. <\/p>\n\n\n\n

                            It was the 26th summit meeting with the first one having taken place in 1971 in Singapore. Here is a snippet of key resolutions and what leaders had to say.<\/p>\n\n\n\n

                            Major Resolutions Reached at CHOGM 2022<\/h2>\n\n\n\n
                            \"The
                            Queen Elizabeth II, Head of The Commonwealth (Photo credit: @CHOGM2022\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            The theme of the 2022 CHOGM was \u201cDelivering a Common Future: Connecting, Innovating, Transforming.\u201d The 2022 Commonwealth heads of government meeting was possible because of the rescinding COVID-19 incidences due to mass vaccination.<\/p>\n\n\n\n

                            Subsequently, Covid-19 was one of the main discussion topics. Others were climate change, gender equality, and youth unemployment. Let\u2019s jump into some key resolutions reached concerning these issues.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 9 African Style Shoes For A Stylish Public Statement<\/a><\/p>\n\n\n\n

                            Climate Change<\/h3>\n\n\n\n

                            Commonwealth leaders acknowledged that the threat of climate change further worsens existing vulnerabilities. In addition, it presents a huge threat to sustainable development and COVID-19 recovery efforts. <\/p>\n\n\n\n

                            Subsequently, they renewed their commitment to implement the Paris Agreement resolution on limiting global temperature increase to 1.5 degrees Celsius. Also, they stressed the urgency to enhance actions to mitigate, finance, and adapt gaps in the implementation of the Paris Agreement goals on climate change. <\/p>\n\n\n\n

                            COVID-19 Situation<\/h3>\n\n\n\n

                            The Commonwealth<\/a> leaders resolved to cooperate with regional and international partners to eliminate the pandemic. According to the leaders, this cooperation will help to transition toward long-term COVID-19 control. They emphasized the need for affordable, efficacious, and safe COVID-19 diagnostics, therapeutics, and vaccines. <\/p>\n\n\n\n

                            Another resolution was allocating adequate resources to establish resilient, inclusive, and sustainable health systems. They noted the technologies and scientific tools developed during the pandemic and agreed to enhance innovation and research in healthcare. <\/p>\n\n\n\n

                            They also resolved to explore ways to cooperate regionally and internationally in COVID-19 vaccine production.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See The African Countries That Hit WHO\u2019s 40% COVID-19 Vaccination Target<\/a><\/p>\n\n\n\n

                            Youth and Unemployment<\/h3>\n\n\n\n

                            The Commonwealth leaders recognized that non-formal education plays an important role in developing youth\u2019s skills and knowledge for the labor market. They noted the role of the Commonwealth Alliance for Quality Youth Leadership in promoting non-formal education. <\/p>\n\n\n\n

                            Nonetheless, leaders endorsed better-coordinated efforts in partnership with youths to address youth unemployment occasioned by COVID-19. Furthermore, they agreed to involve more youths in national decision-making mechanisms and processes. <\/p>\n\n\n\n

                            The Commonwealth heads of government agreed to dedicate 2023 to youth-led action for inclusive and sustainable development. They called on youths in member countries to work with stakeholders and partners to build a more secure, sustainable, and prosperous future.<\/p>\n\n\n\n

                            Human Rights<\/h3>\n\n\n\n

                            The heads of government at the 2022 CHOGM restated their commitment to the human rights enshrined in the Universal Declaration of Human Rights. They pledged to support the establishment of national human rights institutions or other similar mechanisms. <\/p>\n\n\n\n

                            The leaders resolved to strengthen the respect for human rights and share good human rights expertise and practices across the Commonwealth. Members who have not ratified and implemented certain international human rights agreements were encouraged to do so.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> British Company Pays $10 Million For Human Rights Abuse, But At The Detriment Of Kenyan Farmers<\/a><\/p>\n\n\n\n

                            Gender Equality<\/h3>\n\n\n\n

                            Leaders looked at the most critical elements necessary for the successful achievement of gender equality. They agreed to implement best practices, legislation, and strategies to increase meaningful leadership opportunities for women. <\/p>\n\n\n\n

                            The Commonwealth leaders also agreed to recognize and celebrate the diversity and contributions of women and girls of all ages. They emphasized the inclusion of women and girls as agents of change. <\/p>\n\n\n\n

                            Furthermore, the Commonwealth leaders recognized the urgent need to address gaps in women's empowerment in all spheres. The leaders also highlighted that the meaningful participation of women in peace and security processes is critical to creating lasting peace.<\/p>\n\n\n\n

                            Important Quotes by Youth Entrepreneurs at CHOGM 2022<\/h2>\n\n\n\n

                            Several youth entrepreneurs providing practical solutions in different parts of the world spoke at the 2022 CHOGM. These entrepreneurs shared their inspiring success stories about what led them to take action and provide real solutions to their communities and beyond. Take a look at some of them and what they had to say.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> A Look At African Union\u2019s Agenda 2063<\/a><\/p>\n\n\n\n

                            Angelo Igitego<\/h3>\n\n\n\n
                            \"Angelo
                            Angelo Igitego at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Angelo Igitego is the co-founder and CEO of Karisimbi Technology Solutions. Headquartered in Kigali, Rwanda, the IT company specializes in web development and information systems. Mr. Igitego is skilled in web application development and service marketing. He shared an empowerment story about how he started a company that helps hospitals to create and use electronic medical records.<\/p>\n\n\n\n

                            Sharonice Busch<\/h3>\n\n\n\n
                            \"Sharonice
                            Sharonice Busch is the Pan African Youth Union vice president (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sharonice Busch is the Pan African Youth Union vice president. She was born and brought up in Namibia. She joined the Children's Parliament of Namibia while in high school. She shared her journey from childhood to becoming the vice president of the Pan African Youth Union. Busch urged youths to work together to address the issues they face.<\/p>\n\n\n\n

                            Kendell Vincent<\/h3>\n\n\n\n
                            \"Kendell
                            Kendell Vincent, Caribbean Regional Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Kendell Vincent is another young entrepreneur present at the 2022 CHOGM. He is a youth development specialist and communications strategist. He serves as the chairperson of the Caribbean Regional Youth Council (CRYC). Vincent narrated his success story and encouraged Commonwealth youths to participate in offering solutions to society.<\/p>\n\n\n\n

                            Alodie Iradukunda<\/h3>\n\n\n\n
                            \"Alodie
                            Alodie Iradukunda, Rwandan National Youth Council Chairperson (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Alodie Iradukunda is a Rwandan entrepreneur and the chairperson of the Rwandan National Youth Council. Iradukunda is passionate about entrepreneurship and she believes it can change lives. She urged youths to leverage the power of technology to transform their countries for the better.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> See the African Entrepreneur Chosen To Strengthen UK-Africa Trade<\/a><\/p>\n\n\n\n

                            Rijve Arefin<\/h3>\n\n\n\n
                            \"Rijve
                            Rijve Arefin at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Rijve Arefin is a youth development consultant, youth activist, and award-winning community development practitioner. Arefin is the co-founder of Awareness 360. This is a global non-profit organization that empowers youths with mentorship, resources, and skills to do community service work. Mr. Arefin spoke about his success story and the impact his organization is making in over 30 nations globally.<\/p>\n\n\n\n

                            Sagufta Janif<\/h3>\n\n\n\n
                            \"Sagufta
                            Sagufta Janif at 2022 CHOGM (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Sagufta Janif is a social entrepreneur from Fiji. She is known for her strong views and innovative ideas about waste management. Janif founded the Fusion Hub in 2017 to upcycle waste materials. The company has upcycled over 400 tonnes of waste. In addition, it has sold hundreds of products as home items and furniture. She was the winner of the 2020 Commonwealth Youth Award, Pacific region.<\/p>\n\n\n\n

                            What some Commonwealth Heads of Government had to Say<\/h2>\n\n\n\n

                            Boris Johnson, UK Prime Minister<\/h3>\n\n\n\n
                            \"Boris
                            Boris Johnson, UK Prime Minister (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Boris Johnson, the UK Prime Minister, was one of the commonwealth leaders at the summit. His presence was significant because of his position as Commonwealth Chair-in-Office. He served in this role since assuming the UK Prime Minister's office in July 2019. <\/p>\n\n\n\n

                            In his remarks, Boris Johnson spoke about COVID-19 and its effects on Commonwealth countries. The UK Premier also touched on the impact of the Russia-Ukraine conflict on food supply systems. He handed over the chairmanship to President Paul Kagame, who will be the Commonwealth Chair-in-Office until the next CHOGM.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Rwanda Has Offered To Take In UK\u2019s Undocumented Migrants. Here\u2019s Why<\/a><\/p>\n\n\n\n

                            Patricia Scotland, Commonwealth Secretary-General<\/h3>\n\n\n\n
                            \"Patricia
                            Patricia Scotland, Commonwealth Secretary-General (Photo credit: The Commonwealth)<\/em><\/figcaption><\/figure>\n\n\n\n

                            Patricia Scotland is the current Commonwealth Secretary-General, a role she has played since 2015. Her four-year term was extended in 2020 after the Commonwealth Heads of Government Meeting was postponed due to the pandemic. <\/p>\n\n\n\n

                            During the 2022 CHOGM, leaders reelected Patricia Scotland as Commonwealth Secretary-General for a second term. She urged Commonwealth leaders to deepen their commitment to strengthening the Commonwealth's advantage. <\/p>\n\n\n\n

                            Scotland was born in Dominica. At the age of two, she moved with her family to the UK. Lady Scotland is the first woman to be elected to this position and the second Secretary-General from the Caribbean. As Secretary-General, Patricia Scotland represents the Commonwealth publicity. She is also the CEO of the Commonwealth Secretariat.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Germany Shows Interest In African Startups. See Why<\/a><\/p>\n\n\n\n

                            Conclusion<\/h2>\n\n\n\n

                            Several global issues particularly affecting the Commonwealth countries were placed in focus during the 2022 CHOGM. These were discussed in different forums that brought together Commonwealth heads of government, industry leaders, and young entrepreneurs. <\/p>\n\n\n\n

                            In the end, the leaders adopted a communique, which lays out a series of agreed commitments and actions. It\u2019s now upon each member state to play its part to deliver a common future for the Commonwealth nations.<\/p>\n","post_title":"Key Highlights From The Commonwealth Heads Of Government Meeting (CHOGM 2022)","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"highlights-commonwealth-heads-of-government-meeting-chogm-2022","to_ping":"","pinged":"","post_modified":"2024-08-16 20:03:03","post_modified_gmt":"2024-08-16 20:03:03","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339386","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401507,"post_author":"2777","post_date":"2022-07-06 22:55:07","post_date_gmt":"2022-07-07 05:55:07","post_content":"\n

                            Uganda announced on Tuesday 7 June 2022 that it has concluded preliminary exploration surveys on a potential gold minefield. Findings of that survey indicate that Uganda has 31 million tonnes of gold ore deposits. When refined, this can yield 320,158 tonnes of pure gold. This gold deposit is valued at over 12 trillion USD.<\/p>\n\n\n\n

                            While making the announcement on state television, President Yoweri Museveni<\/a> gave sketchy details. However, the president highlighted that it can fetch the country $12 trillion. The Ugandan government hopes to attract investors that will help develop the mining sector currently monopolized by wildcat miners.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> 8-Year-Old Graham Shema Of Uganda Shocks The World With His Impressive Flying Skills<\/a><\/p>\n\n\n\n

                            In the past 2 years, the government has undertaken aerial exploration across the nation. Consequently, this was followed by geochemical and geophysical surveys, according to Solomon Muyita, the Ministry of Energy and Mineral Development spokesperson.<\/p>\n\n\n\n

                            The majority of the gold deposits were around Karamoja, a northeastern area close to the Kenyan border. Ample reserves were also found in the western, central, and eastern parts of the country. If the data is accurate, it will make Uganda one of the richest countries in the world by gold deposits.<\/p>\n\n\n\n

                            \nhttps:\/\/www.youtube.com\/watch?v=HcywijLXwQw\n<\/div><\/figure>\n\n\n\n

                            Gold processing in Africa<\/p>\n\n\n\n

                            In the past, gold ores are shipped out of the continent for refining. Foreign gold refineries buy these gold ores for a marginal fee and sell them at a premium after refining. In other words, African countries were unable to enjoy the full dividends of their gold deposits.<\/p>\n\n\n\n

                            President Museveni believes that era is gone, citing the growing number of gold refineries around the continent including 6 local refineries in the country. One of the most reputable was the Africa Gold Refinery in Entebbe. However, in March, the United States sanctioned this gold refinery for sourcing its gold ores illicitly.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Can Bobi Wine Cause A Major Upset in The Coming Election in Uganda?<\/a><\/p>\n\n\n\n

                            Plans for Uganda\u2019s gold deposit<\/h2>\n\n\n\n

                            Wagagai, a Chinese firm that models its name from Mt Elgon\u2019s highest peak is overseeing mining in one of the gold sites. The company estimates that before the end of the year, they will start refining a minimum of 5,000 kilograms of gold per day in Busia.<\/p>\n\n\n\n

                            Tan Chun Chi, Wagagai\u2019s general manager says the company\u2019s investment in the sector is over $60 million. He blames the lag in mining on the lack of two licenses. The company secured a gold production license in March 2022 and has a 21-year lease agreement to mine the gold deposit in the country.<\/p>\n\n\n\n

                            The Busia district already has over 2,000 artisanal miners using rudimentary extraction means. Some of their actions are leading to health hazards forcing frequent clashes with personnel of law enforcement agencies.<\/p>\n\n\n\n

                            It is yet unclear the number of jobs the gold deposit will create. Also not clear are the immediate and long-term plans for the gold deposits. The country also hopes to rev up its foreign earnings by 2025 when oil extraction begins.<\/p>\n\n\n\n

                            Uganda is currently one of the largest exporters of gold on the continent. The country\u2019s gold export took a leap after the opening of Entebbe\u2019s Africa Gold Refinery. For example, the country\u2019s gold export between 2019 and 2020 to Europe and Asia is worth over $3 billion. This includes $28.7 million to Hong Kong, $1.4 billion to South Korea, and $1.9 billion to the United Arab Emirates.<\/p>\n\n\n\n

                            Real gold or another conspiracy? Reactions!<\/h2>\n\n\n\n

                            While President Museveni is working hard to ramp up investment in mining, the trust of the general populace has dwindled. Those that think the gold deposit may be real are already thinking of ways to maximize the opportunity. For example, Mineral Development Expert, Winnie Ngabirwe said,<\/p>\n\n\n\n

                            ALSO READ:<\/strong> Does Welcoming 2,000 Afghan Refugees Put Uganda Under Security Threat?<\/a><\/p>\n\n\n\n

                            \u201cIf the data of Uganda\u2019s gold deposit is real, we need to prepare ourselves to do business, develop ourselves and our nation, and move to a middle-income economy and beyond\u201d.<\/em><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TheRealAssasn\/status\/1537318575995748353\n<\/div><\/figure>\n\n\n\n

                            Others are not so optimistic about the news. Rather, they seem to think that it is all a conspiracy by the president and his supporters.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/TajiKeifah\/status\/1544040387228188679\n<\/div><\/figure>\n\n\n\n

                            The third group is rather cautious. While this group doesn\u2019t doubt the existence of gold, they believe the country doesn\u2019t have the refining capability. Thus, the bulk of the earnings will go back to the West.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/KarmyWarmy\/status\/1543937169261314055\n<\/div><\/figure>\n\n\n\n

                            Another group simply wants to know how the discovery will affect Uganda\u2019s relationship with the rest of the world, especially Russia.<\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/BrigMahalingam\/status\/1543063083651723264\n<\/div><\/figure>\n\n\n\n

                            The more mischievous group yet are those that believe there may be an invasion of Uganda by Western powers. This view seems to be the most dominant at the moment. Consequently, it shows the level of distrust most Africans have for the West.<\/p>\n\n\n\n

                            ALSO READ:<\/strong> DISCUSSION: Should Bobi Wine Contest The Outcome Of The Uganda Presidential Election?<\/a><\/p>\n\n\n\n

                            \nhttps:\/\/twitter.com\/koitenshin\/status\/1543850708981764098\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/HommiesDrey\/status\/1541831353150443529\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/DaPassportPro\/status\/1544262720605798401\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/prestoneli2\/status\/1543971905727873025\n<\/div><\/figure>\n\n\n\n
                            \nhttps:\/\/twitter.com\/suma_oficio\/status\/1544002965874384898\n<\/div><\/figure>\n\n\n\n

                            Which part of the argument do you belong to? Do you think Uganda has that much gold deposit or is this another hoax by President Museveni to hold on to power? Use the comment option below to share your views.<\/p>\n","post_title":"Preliminary Exploration Reveals Shocking Gold Deposit In Uganda Worth Over 12 Trillion USD","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"preliminary-exploration-reveals-gold-deposit-uganda-worth-12-trillion-usd","to_ping":"","pinged":"","post_modified":"2024-10-17 00:16:57","post_modified_gmt":"2024-10-17 00:16:57","post_content_filtered":"","post_parent":0,"guid":"https:\/\/africanvibes.com\/?p=339215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":402872,"post_author":"10056","post_date":"2022-04-13 05:30:00","post_date_gmt":"2022-04-13 05:30:00","post_content":"\n

                             <\/p>\n\n\n\n

                            \"Agenda
                            Agenda 2063, The Africa We Want (Photo credit: @_AfricanUnion<\/a>\/Twitter)<\/em><\/figcaption><\/figure>\n\n\n\n

                            At the heart of the African Union's Agenda 2063 is a pan-African drive towards the achievement of inclusive and sustainable development in Africa. <\/p>\n\n\n\n

                            Pan-Africanism is the belief that people of African origin living around the world have a great deal in common. For that reason, they should unite and work together to achieve their goals and interests. Generations of Pan-Africans including the Organization of African Unity (OAU) founders envisioned a united Africa.\u00a0<\/p>\n\n\n\n

                            They bequeathed present generations a continent with exemplary achievements in the fight against colonialism, apartheid, and slavery. Fast forward, the realization by the African Union (AU) that modern-day Africa mainly struggles with economic growth and development helped to refocus the fight. <\/p>\n\n\n\n

                            African unity is just one of the aspirations in the AU\u2019s road map for transforming Africa by 2063. Today, we take an in-depth look at what the Agenda entails including the progress achieved so far and associated challenges.<\/p>\n\n\n\n

                            ALSO READ: <\/strong>10 Best African Presidents in 2022<\/strong><\/a><\/p>\n\n\n\n

                            What is the African Agenda 2063?<\/h2>\n\n\n\n

                            Dubbed \u201cThe Africa We Want,\u201d Agenda 2063<\/a> is Africa's master plan and blueprint for transforming the continent into a global powerhouse by the year 2063. It is a strategic framework, which African leaders believe will help to deliver on the continent's goal for sustainable and inclusive development. <\/p>\n\n\n\n

                            The Agenda is a solid expression of the collective prosperity, progress, freedom, self-determination, and unity pursued under African Renaissance and Pan-Africanism.<\/p>\n\n\n\n

                            The Organization of African Unity (OAU), which was established in 1963, focused on three primary aims:<\/p>\n\n\n\n

                            1. Defense of the sovereignty of independent African states<\/li>
                            2. Fostering cooperation of African states<\/li>
                            3. Eradicating colonialism<\/li><\/ol>\n\n\n\n

                               <\/p>\n\n\n\n

                              But, the AU, which replaced OAU after its disbandment in 2002, recognized the need to refocus and reprioritize Africa's agenda. It resolved to focus on inclusive economic and social development, peace and security, democratic governance, regional and continental integration, and other matters. <\/p>\n\n\n\n

                              According to the AU, the realization of these priorities would reposition Africa and make it one of the dominant players in the global arena. Subsequently, African leaders adopted Agenda 2063 during the 2013 African Union Summit.<\/p>\n\n\n\n

                              What are the Agenda 2063 Goals?<\/h2>\n\n\n\n

                              The goal of this master plan is to have well-nourished, healthy, and well-educated citizens. It also seeks to enhance the quality of life, the standard of living, and the well-being of citizens. The aim is to end poverty and hunger as well as foster liveable and affordable habitats. <\/p>\n\n\n\n

                              The AU hopes to have a well-educated citizenry and revolutionize skills through innovation, science, and technology. It aims to transform economies by establishing modern agriculture, a blue economy, and world-class infrastructure. <\/p>\n\n\n\n

                              ALSO READ: <\/strong>10 African Countries With Vision Plans That Will Dramatically Transform Them In The Next 10 Years<\/strong><\/a><\/p>\n\n\n\n

                              In addition, it intends to empower and engage youths and children, and realize full gender equality. Another objective of the Agenda is to have functional continental monetary institutions and African Peace and Security Architecture (APSA). Next, it aims to entrench democratic values, universal human rights principles, justice, and rule of law. Through the Agenda, the AU also hopes to establish transformative leadership and a peaceful and stable Africa. <\/p>\n\n\n\n

                              AU leaders project a continent that finances its development goals and acts as a key partner in global affairs. These goals will reduce inequality among African countries, ensure equitable and inclusive quality education, and promote peaceful societies. Moreover, they will help to build resilient infrastructure, restore and secure natural resources, and promote sustainable economic growth.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Progress on Agenda 2063 Implementation<\/h2>\n\n\n\n
                              \"African
                              African Union Summit in Addis Ababa, Ethiopia (Photo credit: au.int<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The AU developed the \"First Ten-Year Implementation Plan,\" which spans from 2014 to 2023. The 10-year plan aims to expedite the implementation of Agenda 2063 over a 50-year timeframe. African heads of state and governments endorsed the plan at the African Union Summit in June 2015. <\/p>\n\n\n\n

                              Reporting on the execution of the Agenda is a necessity in facilitating mutual accountability and peer learning. This approach will help to achieve the continent's developmental goals, in keeping with the Union's results-based approach to development.<\/p>\n\n\n\n

                              The First Ten-Year Implementation Plan<\/a> lays out a set of goals, priority areas, and targets that the continent hopes to achieve at the national, regional, and continental levels. In this context, policy institutions of the African Union mandated the African Union Commission and the African Union Development Agency-NEPAD with coordinating and preparing biennial performance reports.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>20 Africans Who Are Leaving Their Mark On History<\/strong><\/a><\/p>\n\n\n\n

                              First Continental Report on Agenda 2063<\/h3>\n\n\n\n

                              The inaugural continental report<\/a> compiled progress reports from 31 of the 55 African Union Member States. This translated to 56 percent of the continent and six Regional Economic Communities. The report compared the progress made on Agenda 2063 implementation to the objectives set for 2019. <\/p>\n\n\n\n

                              The continent began executing its 50-year development plan by domesticating and incorporating it into regional and national development programs. <\/p>\n\n\n\n

                              The report showed that the continent had achieved a combined score of 32% against the targets of 2019. On a national level, most Member States reported the presence of functional peace mechanisms. With a score of 44 percent, the aspiration of a united continent, politically unified, founded on Pan-Africanism had achieved rather good progress. This was attained, among other things, by Member States' joint and determined efforts to operationalize the African Continental Free Trade Area (AfCFTA)<\/a>.<\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              People-Driven Growth and Development<\/h4>\n\n\n\n

                              The objective of achieving an Africa whose growth is people-centered scored a comparatively high performance of 38%. African leaders credited this to the implementation of the African Charter on the Rights of the Youth provisions among other factors. <\/p>\n\n\n\n

                              With a total score of 29 percent, the continent performed poorly under the objective of attaining a wealthy Africa based on equitable growth and sustainable development.\u00a0<\/p>\n\n\n\n

                              The continent had an excellent performance for the goal of realizing high living standards, well-being for all, and good quality of life. This was partly linked to the unprecedented growth in people with internet access. <\/p>\n\n\n\n

                              East Africa, at the regional level, recorded an overall score of 40% against the 2019 targets. Comparatively, this region had the highest performance. West Africa's overall performance was 34%. North Africa scored 27% overall. Both Southern and Central Africa obtained a combined score of 25%.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Top 10 African Countries By GDP In 2021<\/strong><\/a><\/p>\n\n\n\n

                              Second Continental Report  <\/h3>\n\n\n\n
                              \"Regional
                              Regional Performance, Agenda 2063 (Photo credit: NEPAD<\/a>)<\/em><\/figcaption><\/figure>\n\n\n\n

                              The second continental report<\/a> combined status reports from 38 of the 55 African Union member states. It examined how far Agenda 2063 had progressed against the goals set for 2021. Significant progress (84%) was witnessed in achieving a unified continent that is united politically and anchored on Pan-Africanism. Progress in the ratification of the AfCFTA in 2021, contributed to the high performance. <\/p>\n\n\n\n

                              There was a tremendous development in this sector throughout the time under review, as indicated by advances in road networks, air transportation, electrification, and ICT. Progress was made in achieving a secure and peaceful Africa. In that regard, an overall performance of 63% was realized against the targets of 2021. However, performance varied across nations and parameters. Member countries reported that the number of deaths caused by armed conflict, religious and ethnic disagreements, and intolerance has decreased significantly. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Improved Continental Performance<\/h4>\n\n\n\n

                              In the pursuit of Africa as a strong influential partner, the continent achieved an overall commendable performance of 58%. However, Africa didn't fulfill the 2021 target of raising overall tax collection. This target aims to ensure that Africa fully owns its development initiatives. Away from that, there was also notable progress regarding attaining an Africa whose growth is people-driven, with a 67% score. <\/p>\n\n\n\n

                              During the review period, the continent saw a minor increase in the number of women in the agricultural population who own or have secure rights to agricultural land. During the review period, the continent saw a minor increase in the number of women in agriculture who own or have secure rights to agricultural land. Similarly, the continent had a slight increase in the number of seats held by women in national legislatures and regional and municipal organizations.<\/p>\n\n\n\n

                              ALSO READ: <\/strong>Africa Industrialization Day: A Peek At 10 Of The Most Industrialized African Countries<\/strong><\/a><\/p>\n\n\n\n

                              Shared Heritage and Values<\/h4>\n\n\n\n

                              In terms of having an Africa with shared values, common heritage, and a strong cultural identity, the continent had achieved 45%. This moderate progress was mainly due to the poor integration of indigenous African language, values, and culture into secondary and primary school curricula. Africa made little progress in achieving a thriving Africa founded on sustainable development and inclusive growth. <\/p>\n\n\n\n

                              This area scored an overall score of 37% compared to the 2021 goals. Moreover, the report indicated that Africa had considerable progress in access to the internet and electricity. The overall score for the goal of achieving respect for human rights, democracy, good governance, and justice was 42%. This weak performance was attributed to poor rankings for competent institutions and reformed leadership across different levels. <\/p>\n\n\n\n

                               <\/p>\n\n\n\n

                              Nonetheless, the performance of a majority of Member States was satisfactory. They reported on progress in promoting good governance, and democratization. Once again, East Africa emerged as the best performer with a 53% score against the 2021 objectives. Southern Africa followed it closely with 50% and West Africa got 45 percent. Central Africa and North Africa scored 42%, and 39% respectively.<\/p>\n\n\n\n

                              Conclusion<\/h2>\n\n\n\n

                              The first and second biennial reports on Agenda 2063 implementation reveal the progress made so far. These reports show the overall continental performance against the set goals. Significant progress has been made across different sectors. Notably, Covid-19 effects posed a huge challenge to the overall progress and implementation of the Agenda. Nonetheless, the second biennial report shows a better performance compared to 2019. Going forward, more work needs to be done to accelerate progress and achieve the future target. Do you think the continent will achieve \u201cThe Africa We Want\u201d by 2063? Share your thoughts in the comment box below.  <\/p>\n","post_title":"A Look At African Union's Agenda 2063","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"a-look-at-african-unions-agenda","to_ping":"","pinged":"","post_modified":"2024-09-16 21:51:46","post_modified_gmt":"2024-09-16 21:51:46","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=334428","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":401478,"post_author":"9460","post_date":"2022-03-22 05:10:34","post_date_gmt":"2022-03-22 12:10:34","post_content":"\n

                              <\/p>\n\n\n\n

                              Introduction<\/strong><\/h2>\n\n\n\n

                              Local African companies such as MTN are sparking a new race. They have become pioneers on the Africa's first metaverse, Ubuntuland.<\/p>\n\n\n\n

                              Africa\u2019s First Metaverse, UbuntuLand<\/strong><\/h2>\n\n\n\n

                              The story about Africa\u2019s foremost virtual world is true. The name Ubuntu means \u201chumanity\u201d and Ubuntuland very well expresses Africa in the digital world.<\/p>\n\n\n\n

                              ALSO READ:<\/strong> Ecobank And MTN Join Forces To Drive Mobile Financial Services In Africa<\/a><\/p>\n\n\n\n

                              February 28, 2022 marked the launch of Ubuntuland. The release set the African continent heading towards the adoption of digital land. It will also extend the use of play to earn NFTs and cryptocurrencies.<\/p>\n\n\n\n

                              \"Features
                              Perks of the Afrian metaverse Ubuntuland (Image Source: Africarare<\/a>) <\/figcaption><\/figure>\n\n\n\n

                              Africarare<\/a>, a South African technology firm, is responsible for the big development. According to it, Ubuntuland offers a 3D virtual reality experience with support for a digital token. This is known as the $Ubuntu token.<\/p>\n\n\n\n

                              The special currency exists on the Ethereum blockchain and allows the purchase and trade of unique art or avatar NFTs. More importantly, users of Unbuntuland known as Ubuntulanders can use the $Ubuntu token to rent or purchase land space. Also, they can get virtual services using it. <\/p>\n\n\n\n

                              These land spaces would be available in different village sizes located in community hubs. Precisely, there will be 642 plots of land in two hundred and four places. The developers of Ubuntuland have a long-term goal of merging the African experience with digital art, commerce, and economics. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Digital Finance Africa 2021 (Virtual Conference)<\/a><\/p>\n\n\n\n

                              To achieve this, 3-D landowners will be able to develop their spaces to create games and applications, rent services, and host exhibitions. The first African metaverse will also serve to promote culture and entertainment along with positive relaxation. It features well-crafted spaces for film festivals, concerts, and meditation.<\/p>\n\n\n\n

                              Furthermore, it will allow immersive learning through a virtual university. There will also be a tranquil therapy space with the option of anonymity, and optimized space for holding virtual meetings. This is perhaps, the reason why big African companies are already moving in to grab a piece.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              The Big Names That Are Already Settling In The African Metaverse<\/strong><\/h2>\n\n\n\n

                              M&C Saatchi Abel, MTN, and Boitumelo Thulo are among the big names acquiring a piece of Ubuntuland. While the first two are companies, Thulo is a model, actress, television personality, and businesswoman from South Africa. <\/p>\n\n\n\n

                              \"Metaverse
                              Queen Bioty in her metaverse music video (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              She released a virtual reality music video in a Queen Bioty avatar. Also, her collaboration with Africarare will lead to the creation of a bioty village and tribe in Ubuntuland. <\/p>\n\n\n\n

                              MTN<\/strong><\/h2>\n\n\n\n

                              Mobile Telephone Network or MTN for short, is a multinational network telecommunication company. Its establishment took place in 1994. Since then, the South African company has expanded to 19 different Asian and African countries. <\/p>\n\n\n\n

                              Being a major player in the industry, MTN offers broadband and internet services for a host of products, both fixed and mobile. Its acquisition of 144 plots of real estate in Ubuntuland is also the first of its kind - and a strategic move to keep it ahead of other competitors. <\/p>\n\n\n\n

                              MTN\u2019s virtual land is a 12x12 village. According to the company, it will allow the improvement of its customer experiences. This would be through activities like music and games. <\/p>\n\n\n\n

                              ALSO READ:<\/strong> Wonder Women Tech Africa Summit<\/a> <\/p>\n\n\n\n

                              The MTN Group Executive, Bernice Samuels, notes that the company is thrilled to lead other businesses into the metaverse marketplace. \u201cThis is exactly what our Ambition 2025 strategy is premised on - leveraging trends that amplify consumer\u2019s digital experiences and engagement\u201d, he said. <\/p>\n\n\n\n

                              M&C Saatchi Group<\/strong><\/h2>\n\n\n\n

                              The founding partner and CEO of the M&C Saatchi Group, Mike Abel, also had a word at the launching event. Speaking from the African metaverse, he said, \u201cwe believe in the combination of the real and virtual world and the universe is opening up new ways for people to interact.\u201d <\/p>\n\n\n\n

                              \"Image
                              CEO M&C Saatchi Group speaking from the metaverse (Image Source: BizCommunity<\/a>)<\/figcaption><\/figure>\n\n\n\n

                              Abel further added that \u201cit will open our continent up to significant digital and economic growth opportunities for both talent, clients and industry colleagues to come together to solve business and even societal challenges with creativity.\u201d <\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Finally, Co-founder of the African Metaverse, Shayne Mann, informed that \u201cwith Africarare being built on collaborative partnerships, the commercialization is endless.\u201d And it is indeed so. Africarare will allow local companies to level up with Google, Nike, and the likes by having a virtual presence. <\/p>\n\n\n\n

                              <\/p>\n","post_title":"Africa's First African Metaverse is Now Live. See What's In It For MTN And The Other Pioneer Companies Who Have Bought A Piece","post_excerpt":"","post_status":"publish","comment_status":"open","ping_status":"closed","post_password":"","post_name":"africas-first-african-metaverse-is-now-live-mtn","to_ping":"","pinged":"","post_modified":"2024-08-16 11:38:51","post_modified_gmt":"2024-08-16 11:38:51","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=329560","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":332349,"post_author":"2777","post_date":"2022-02-25 17:25:12","post_date_gmt":"2022-02-25 17:25:12","post_content":"\n

                              <\/p>\n\n\n\n

                              The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic power supply is adding to that spiraling cost. Although the Federal government is doing its best to improve the energy supply in the country, the efforts seem never enough. Well, the problem in the Nigerian energy sector may soon significant improvements.<\/p>\n\n\n\n

                              The UK minister for Africa, Vicky Ford, announced on Monday, 22 February 2022 that the country is offering 10 million pounds (approx. $13.3 million) concessional aid for Nigeria energy sector. The fund will go into the development of off-grid low-carbon energy projects. This includes clean cooking infrastructure, home systems, and cold storage infrastructures.<\/p>\n\n\n\n

                              ALSO READ: Namibia Wants To Fight Unemployment Through Innovative Renewable Energy Production<\/a><\/strong><\/p>\n\n\n\n

                              \u201cThe UK is committed to increasing both renewable energy and energy access in Nigeria, driving clean, sustainable, and resilient growth,\u201d said Ford<\/em><\/p>\n\n\n\n

                              The announcement was at a formal ceremony held at the residence of the British High Commissioner to Nigeria. Present at the occasion was Mr. Jeddy Agba, Nigeria\u2019s Minister of State for Power. Ms. Ford hopes it helps Nigeria improve energy access as well as help the country stay in tune with her COP26 commitments. According to Ford,<\/p>\n\n\n\n

                              \u201cAs the world looks to clean growth, we are witnessing an era-defining opportunity for the private sector. This transition is particularly exciting as it brings together UK government support with the institutional capital, which is essential to grow the sector at scale.\u201d<\/em><\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Is the International Community Doing Enough to stop Climate Change?<\/h2>\n\n\n\n
                              \"\"
                              Annual CO2 Emissions in 2020 (Photo credit: culled from Our World in Data)<\/em><\/figcaption><\/figure>\n\n\n\n

                              According to Our World in Data statistics<\/a>, Asia, North America, and Australia have the highest carbon emissions in the globe. In other words, they are the major contributors to global warming. Africa sits at the bottom of the log.<\/p>\n\n\n\n

                              Perhaps, it is this realization that made Mr. Agba criticize developed countries for not collaborating enough with African countries that are willing to cut down their carbon emission. According to Mr. Agba, Nigeria is implementing clean energy transition schemes across different states. This includes Lagos, Borno, and Kano.<\/p>\n\n\n\n

                              ALSO READ: Africa\u2019s First High-Speed Train Hit A New Year Green Energy Milestone<\/a><\/strong><\/p>\n\n\n\n

                              The minister believes that more could be done if only the private sector has access to funds. Currently, the country has the largest clean energy program on the continent. Mr. Agba also revealed that Kano, Borno, and Lagos states have developed investor-grade data.<\/p>\n\n\n\n

                              \"It is important for international partners to start contemplating on how best they can collaborate with these institutions to define blended finance models that combine local institution capital with foreign currency dominated support to unlock local currency financing of off-grid development in a large scale,\"<\/em> Mr. Agba said.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              This is not the First Time the UK is funding Nigeria\u2019s Energy Sector<\/h2>\n\n\n\n

                              While the new fund for Nigeria\u2019s energy sector is laudable, it is important to mention that it is not the first time the country will be getting such donations from the UK. Available data shows that Nigeria received over \u00a380 million (approx. $107.3 million) from the UK from 2014 to 2022 for its renewable energy sector.<\/p>\n\n\n\n

                              The support from the UK has mostly come in the form of grants, advisory programs, and technical assistance. In 2016, the UK made available $50 million for InfraCredit establishment. The goal of InfraCredit is to provide a local currency guarantee for renewable energy projects in Nigeria.<\/p>\n\n\n\n

                              ALSO READ: Returnee Spotlight: How Salma Okonkwo Built Blue Power Energy, One Of Ghana\u2019s Biggest Solar Firms<\/a><\/strong><\/p>\n\n\n\n

                              How to Ensure Sustainable Energy in Nigeria<\/h2>\n\n\n\n

                              Nigeria currently relies on hydroelectric power for its energy generation. However, the available infrastructure is not producing enough energy to serve the rapidly growing population. Therefore, there is a need for the country to explore other forms of energy generation<\/p>\n\n\n\n

                              \nhttps:\/\/twitter.com\/StearsBusiness\/status\/1495473363074138114\n<\/div><\/figure>\n\n\n\n

                              Thankfully, the country has an abundant supply of wind and solar radiation. Therefore, the right step to eliminating the erratic power supply in the country would be for the government to invest in renewable energy infrastructure such as the Quilemba Solar Power Station in Angola.<\/p>\n\n\n\n

                              <\/p>\n\n\n\n

                              Obviously building solar infrastructure is costly. However, it is a long-term investment that pays for its initial high cost over time. The Nigerian government, just like the Indian government, should enact policies that will encourage the entire public to embrace sustainable energy. <\/p>\n\n\n\n

                              This can come in form of rebates to individuals that decide to install solar power in their homes. Also, rather than subsidizing petroleum in the country, the government can channel that money to subsidizing solar installations in the country.<\/p>\n","post_title":"Nigeria Energy Sector Gets 10 Million Pounds Boost From The UK","post_excerpt":"The cost of doing business in Nigeria is on the rise. Apart from inflation, the erratic Nigerian energy sector power supply is adding to that spiraling cost.","post_status":"publish","comment_status":"open","ping_status":"open","post_password":"","post_name":"nigeria-energy-sector-gets-10-million-pounds-boost-from-the-uk","to_ping":"","pinged":"","post_modified":"2024-10-17 00:18:45","post_modified_gmt":"2024-10-17 00:18:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.africanvibes.com\/?p=332349","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"prev":true,"total_page":7},"paged":1,"column_class":"jeg_col_2o3","class":"epic_block_3"};

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