African Development Bank approves $20 million investment in renewable energy fund for Sub-Saharan Africa

AfricaBusinessInvestingAfrican Development Bank approves $20 million investment in renewable energy fund for Sub-Saharan Africa

PilotnewsJanuary 21, 2020

The Board of Directors of the African Development Bank has approved a $20 million investment in the Metier Sustainable Capital International Fund II, which channels funds to renewable energy and resource-efficient infrastructure projects across Sub-Saharan Africa. The Bank’s funding will contribute to production of an additional 178.5 megawatts of renewable power for commercial and residential use. It will also create opportunities for industrial waste water treatment and waste-to-energy generation. The Fund will meet the Bank’s strict environment...

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Big-data healthcare service launches in Ghana

AfricaHealthBig-data healthcare service launches in Ghana

PilotnewsJanuary 21, 2020

Korean telecommunication provider, KT, announced the launch of the Global Epidemic Prevention Platform (GEPP) in Ghana on Sunday, 18 August 2019. The project, in conjunction with the Ghana Health Service (GHS), is the first public-private partnership between Korea and the West African country. The platform is the result of a joint effort by KT and the Ghanaian government to advance Ghana’s health information system using information and communications technology (ICT). According to KT, GEPP Ghana...

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PEG Africa raises $5 million for expansion in West Africa

AfricaBusinessInvestingRegionsPEG Africa raises $5 million for expansion in West Africa

PilotnewsJanuary 21, 2020

PEG Africa, a pay-as-you-go solar company based in West Africa, has recently raised $5 million from ElectriFI in order to continue its expansion in existing markets. PEG Africa finances and deploys solar energy to SMEs and households in West Africa. PEG Africa, via its PAYG financial model, allows customers to replace their spending on substandard-quality polluting fuels like kerosene and diesel with solar energy. PEG Africa currently serves 400,000 daily users in Côte d’Ivoire, Senegal and...

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How to leverage the Africa-China relationship for growth

AfricaBusinessMoneyHow to leverage the Africa-China relationship for growth

PilotnewsJanuary 21, 2020

Africa is the world’s youngest continent. That’s a double-edged sword. Though a young population is the backbone of the economy, without education and jobs, it inevitably leads to instability. As our relationship with China deepens, we can draw some lessons from that country’s experience of educating its young people. One of China’s great success stories is poverty alleviation. A staggering 850 million people have been lifted out of extreme poverty, a feat never before seen...

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UK looks to fast-growing Africa for trade ties after Brexit

AfricaNewsWorldUK looks to fast-growing Africa for trade ties after Brexit

PilotnewsJanuary 20, 2020

British Prime Minister Boris Johnson and Prince Harry touted the U.K. as an ideal business partner for Africa on Monday as their country prepares for post-Brexit dealings with the world. But Britain faces tough challenges as it seeks to assert itself on a continent with several of the world’s fastest-growing economies and whose youthful 1.2 billion population is set to double by 2050. Far fewer of Africa’s 54 heads of state or government are attending...

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