Here are this week’s news highlights and updates on African business opportunities, developments and events.
African Business Councils Applauds Trading based on AfCFTA
In a bid to boost the Intra-African Trade, the Pan-African Private Sector has shown its support for the launch of trading based on the AfCFTA agreement.
In a press statement, Ms Amina J. Mohammed, Secretary-General of the United Nations, said “the proliferation of Non-Tariff Barriers in Africa has often hindered intra-Africa trade.
It is difficult to move cargo among African countries, and the online system on the Monitoring, Reporting and Elimination of Non-Tariff Barriers will assist in implementing the AfCFTA”.
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World Bank Plans to Invest Over $5 Billion in Drylands in Africa
The World Bank Group being the biggest multilateral funder of climate investments in developing countries has announced its plan to invest over $5billion in drylands in 11 countries in Africa which cuts across Senegal to Djibouti. This is to improve the Agricultural sector and help with a better livelihood for the people.
Tech Investors Eye Africa’s Education and Financial Sectors
As attested by two tech investors, Jihan Abass, founder and CEO of Lami, a Kenyan digital insurance platform and Iyinoluwa Aboyeji, the Nigeria-based Fund’s general partner for Africa’s Future. Africa’s Education and Financial sectors are set to be the low-hanging fruits for investment.
How Africa’s Youth Contribute to the African Society
According to the United Nations in 2015, Africa has 226 million youth aged 15-24 and one-fifth of the world’s youth population. This means that one out of every five young people on earth is from Africa. The African Youth population is forecasted to grow by 42% by 2030. There should be a new focus on Africa’s youth, as we examine how much they contribute currently to the continent.
African Proverb of the Week
Not everyone who chased the zebra caught it, but those who caught it chased it.
Fun Fact
Though an Anglophone African country, 68 different languages are spoken in Kenya with Swahili formally recognized as the official language.
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