Investors are failing African entrepreneurs — it’s time for a change

February 25, 2021 by  
Filed under Business, Eco, Green

Comments Off on Investors are failing African entrepreneurs — it’s time for a change

Investors are failing African entrepreneurs — it’s time for a change Salma Okonkwo Thu, 02/25/2021 – 00:10 Despite the global economic slowdown caused by COVID-19, the case for investing in Africa is stronger than ever. Africa will remain a competitive investment destination for decades to come because of its improving relative risk profiles, regional integration and strong economic fundamentals. However, many challenges remain for local founders despite the record -breaking fundraising year African startups had in 2019. This is especially the case when it comes to women-led companies. The energy sector will be critical for Africa’s post-COVID economic recovery and will be one of the most attractive investment sectors in 2021. Stakeholders ranging from the African Development Bank to large-scale private funds recognize the need cost-efficient industrial energy access as well as universal household electricity. To expand the impact of their investments in the energy sector, development finance institutions (DFIs) and private investors should pay more attention to empowering African-led energy firms by adjusting their risk analyses and to closing gaps for off-grid solar project financing. Representation of local African founders, and female founders, remains a challenge in the African startup funding space. While it is a positive sign that African companies are attracting international investors’ attention, only 20 percent of private investment into African startups and companies came from Africa-based investors during the last five years. Further, eight of the top 10 African startups that attracted the most capital in 2019 were led by foreigners. These figures get more concerning when considering the number of women-led or co-founded startups in Africa. Although 25 percent of all sub-Saharan African women are engaged in early-stage entrepreneurial activity, women-led startups receive a fraction of the investments compared with their man-led counterparts. This year’s projected drop in funding for African startups is a perfect opportunity for the investment community to reflect on these trends and make changes for the coming surge of financing needed for the post-COVID recovery. The economic recoveries of African economies are underway , and investors can take advantage of strong positive economic trends that existed pre-COVID to invest in strategic sectors such as energy. Investing in African markets always has been associated with risk , but now the COVID-19 pandemic has made safe markets risky, and traditionally risky markets look attractive. Off-grid solar projects in Africa consistently have outraised their competitors in other countries, making Africa the leading global destination for off-grid solar investment. From China to the U.S ., geopolitical crises already were stressing major economies, and COVID accelerated this trend. Now, investors are increasingly looking elsewhere for stable returns and reassessing their risk profiles. Compared to traditional markets, Africa is young , connected , entrepreneurial and poised for immense growth through regional integration via the African Continental Free Trade Agreement (AfCFTA), which will create the world’s largest free trade area. Renewable energy is a priority sector for Africa’s post-COVID recovery because small and midsize enterprises need reliable and clean energy to get back to business and continue growing. Over $200 million in funding last year went to energy sector startups. Off-grid solar projects in Africa consistently have outraised their competitors in other countries, making Africa the leading global destination for off-grid solar investment. The importance of off-grid and mini-grid projects will only grow as they are the most cost-effective way to bring hundreds of millions of Africans without electricity online and reinforce power supplies for businesses. DFIs and investors should prioritize supporting African-led renewable energy companies to achieve stable returns, close the energy access gap and elevate African founders. Despite expanding programs for solar energy financing, outdated risk analyses keep critical funding out of the hands of African entrepreneurs. Some of the largest off-grid solar companies in Africa are co-founded and backed by Western CEOs and investors. Thinking that local African firms with market expertise cannot deliver the same returns with the same, if not better, risk profiles are outdated. More developed economies do not have a monopoly on talent either. African talent, combined with recruited international talent, can result in world-class teams to lead companies capitalizing on the African solar opportunity. Africa’s off-grid solar sector represents a $24 billion annual opportunity, and the continent faces a significant energy gap. DFIs can serve as bridges between the private sector and governments by expanding credit enhancement services to hedge against project risk. These institutions already have several tools at their disposal to help investors hedge against risk, including credit and political risk guarantees, and serving as lenders of record for project financing to secure favorable loans using their preferred credit status. Promoting technology transfer and local content is a stated priority of DFIs. The best way to accomplish these objectives is by supporting African companies in securing investment. The golden age of African investment is just beginning. However, real developmental impact in critical sectors such as solar energy cannot occur without local empowerment and African firms taking a leading role. Investors are running out of excuses: African companies can be competitive, profitable and world-class when given the support they merit from capital markets and DFIs. Pull Quote Off-grid solar projects in Africa consistently have outraised their competitors in other countries, making Africa the leading global destination for off-grid solar investment. Topics Renewable Energy Africa Entrepreneurship Featured in featured block (1 article with image touted on the front page or elsewhere) Off Duration 0 Sponsored Article Off Solar panels in the African country of Zimbabwe. Photo by Shutterstock/Sebastian Noethlichs

See the original post here:
Investors are failing African entrepreneurs — it’s time for a change

Zimbabwe permaculture education center promotes self-sufficiency

December 11, 2020 by  
Filed under Eco, Green

Comments Off on Zimbabwe permaculture education center promotes self-sufficiency

German architecture firm  Studio Anna Heringer  has completed the first kindergarten in  Zimbabwe’s  Chimanimani District, a rural and desolate region home to about 200 families that have long lacked access to education. The kindergarten, which builds on the firm’s award-winning portfolio of humanitarian architecture, serves as a pilot project for PORET, Zimbabwe’s permaculture community, to promote permaculture and encourage self-sufficiency in the local community. Using community labor to support the local economy, the buildings are constructed from locally sourced timber, thatch and stone. Constructed over approximately 11 months in 2014, the kindergarten consists of a pair of domed buildings set on stone foundations. The structural frames use timber from Zimbabwe tree plantations. Inspired by the country’s beautiful thatched roofs and the routine tradition of cutting grass to lower an area’s risk of fire, the architects covered the structural ribs with thatching. Local craftsmen were employed for the labor-intensive work of thatching and building the stone foundations, thus providing the community with a good share of the construction budget. “With these local techniques the project aims to build with a process that reinforces solidarity and team spirit, skills and knowledge, self-confidence and dignity,” the architects explained. “Due to the contexts climate and local conditions buildings, unless built in glass and steel, will not last forever, but it is essential that the know-how to maintain and rebuild them is kept alive and traded on to the following generations. This is why we see this project primarily as a training in advanced building techniques with existing materials that can become the compost of the kindergarten fields one day.” Related: Donkey-drawn mobile libraries bring books to people in Zimbabwe While in operation, the kindergarten will teach children permaculture principles from the basics of soil and plant care to water harvesting techniques. The two buildings can also function as training and meeting spaces for the community.  + Studio Anna Heringer Images by Margarethe Holzer

Read the original post: 
Zimbabwe permaculture education center promotes self-sufficiency

Trump fills his wildlife protection board with big-game trophy hunters

March 16, 2018 by  
Filed under Green

Comments Off on Trump fills his wildlife protection board with big-game trophy hunters

A new federal advisory board commissioned to rewrite rules governing the import of hunted animal trophies has been packed by President Trump with big-game trophy hunters. Many of them maintain close relations to President Trump and his family and are most likely to support Interior Secretary Zinke’s agenda, which is guided by the belief that the most effective way to protect endangered animals is to facilitate their killing by American hunters. The Associated Press conducted a social media and background review of the board’s 16 members and found that their governing philosophy will echo Zinke’s. The assembly of Trump’s wildlife protection board follows news of recent rules changes that would have banned the import of big-game trophies from certain African countries, including Zimbabwe. Although Trump initially claimed he would carry out the Obama-era ban on a practice he called “a horror show,” he quietly reversed this decision in early March . The rule reversal is particularly concerning given reports of corruption in Zimbabwe that indicate that little of the money spent by big-game hunters in the country has actually gone to conservation efforts. Related: Ryan Zinke claims wind energy contributes to global warming Despite the questionable current policies, Trump’s hunter-packed advisory board has some historical precedent. President Theodore Roosevelt, an avid hunter, brought conservation to the forefront of American life through his enthusiastic advocacy for wildlife and public access to wild spaces as well as the bills he signed into law, including the Antiquities Act of 1906. It was through this law that presidents were granted the power to create national monuments through executive action. President Obama harnessed this law to create several significant national monuments , including the Katahdin Woods and Waters National Monument in Maine and the Bears Ears National Monument in Utah. President Trump is now attempting to use the same power to dismantle Bears Ears. The Trump Administration’s policies raise concerns that the current president will fail to live up to his Republican predecessor Roosevelt’s legacy and will instead threaten the survival of all kinds of life on this planet. Via The New York Times Images via Depositphotos and Gage Skidmore/Flickr

Continued here: 
Trump fills his wildlife protection board with big-game trophy hunters

How termites draw on solar power for climate control

September 22, 2017 by  
Filed under Green

Comments Off on How termites draw on solar power for climate control

Termite mounds could hold clues to passive climate control , according to new research. Seven scientists scrutinized African termite mounds to see how they keep their homes cool in the sun while maintaining a uniform concentration of carbon dioxide (CO2). Researchers have looked at south Asian termite mounds in the past, but those are often more shaded; they say uncovering the secrets of African termite mounds could lead to energy-efficient building ideas. Termite mounds are impressive not only because the creatures that construct them are so small, but because they naturally maintain a comfortable temperature – no air conditioner necessary. Researchers led by Samuel Ocko, a Massachusetts Institute of Technology graduate student, dug further into climate control in termite mounds, specifically those of the Macrotermes michaelseni termite in Namibia . Their mounds can be around 10 feet high, with millions of workers residing inside. Related: BIOMIMETIC ARCHITECTURE: Green Building in Zimbabwe Modeled After Termite Mounds Ocko and his team measured air velocities and temperatures in the mound over 35 days in Namibia’s autumn and found even though temperatures outside the mound changed by 27 to 36 degrees Fahrenheit, inside temperatures only varied by 15 degrees Fahrenheit. The termites drew on the sun more than wind to achieve climate control. According to IFLScience, convection from the temperature gradient between outside the mounds and their centers drove smooth airflow. During 24 hours, CO2 levels stayed around five percent. The mounds have holes that can be up to 0.2 inches in diameter, which IFLScience said creates an array of tunnels and allows for gas exchange. They said the mounds also lean towards the equator. CO2 levels vary more in Indian mounds during the day, while temperatures remain even. African mounds have large thermal gradients between the center and the sun-facing side. The researchers said in their paper abstract that even though African and Indian mounds differ, they can harness periodic solar heating for ventilation ; they said the system functions like as an external lung. The Journal of Experimental Biology published the research this year. Ocko was joined by scientists at institutions in the United States, Sweden, and the United Kingdom. Via IFLScience Images via Wikimedia Commons ( 1 , 2 )

Read the original post:
How termites draw on solar power for climate control

Cecil the lion’s son shot and killed by trophy hunter

July 20, 2017 by  
Filed under Green

Comments Off on Cecil the lion’s son shot and killed by trophy hunter

In 2015, Cecil the lion was reportedly lured out of Zimbabwe’s Hwange National Park to be slaughtered by American dentist Walter Palmer. But lion hunting in the area hasn’t stopped. A group that calls themselves Lions of Hwange National Park recently said Cecil’s son, Xanda, was shot on a trophy hunt . Xanda was just over six years old and was the father of multiple cubs. Lions of Hwange National Park said Xanda was shot a few days ago. Professional hunter Richard Cooke of RC Safaris was part of the shoot, and Lions of Hwange National Park said Cooke killed Xanda’s brother around two years ago, when the brother around four years old. Related: U.S. dentist will not be prosecuted in Zimbabwe for killing Cecil the lion Cooke’s hunt was legal, according to researcher Andrew Loveridge of Oxford University , who is part of a team that monitored the national park’s lions with electronic collars. Cooke apparently returned the collar, cluing researchers in to Xanda’s demise. Loveridge told The Telegraph, “I fitted it last October. It was monitored almost daily and we were aware that Xanda and his pride was spending a lot of time out of the park in the last six months, but there is not much we can do about that. Richard Cooke is one of the ‘good’ guys. He is ethical and he returned the collar and communicated what had happened. His hunt was legal and Xanda was over six years old so it is all within the stipulated regulations.” He said he hopes for a five kilometer, or 3.1 mile, exclusion zone around the park so collared lions that wander out won’t be shot by hunters anymore. The Telegraph reported Cooke did not answer his phones the day they published their article. It’s unclear who his client was, although the publication said most lion shooters hail from the United States, United Kingdom, South Africa, or Germany. The client could have forked over around £40,000, or close to $52,000 for the hunt and the lion’s head for mounting where they live. Via Lions of Hwange National Park and The Telegraph Images via Bert Duplessis/Lions of Hwange National Park on Facebook

View original here: 
Cecil the lion’s son shot and killed by trophy hunter

Air Shepherd drones hunt poachers using cyanide to poison Zimbabwe wildlife

October 27, 2016 by  
Filed under Green

Comments Off on Air Shepherd drones hunt poachers using cyanide to poison Zimbabwe wildlife

An elephant is slaughtered every 14 minutes in Africa , according to a group called Air Shepherd that is utilizing drones to fight this horrifying trend. Their drones can obtain information at night when it’s hard for rangers to work, and monitor large swaths of land to search for animal poachers poisoning watering holes with cyanide. Not content to rest on their laurels, however, Air Shepherd is currently raising funds through their Indiegogo campaign to boost the volume of their drone flights. Air Shepherd, which is sponsored by the Lindbergh Foundation , harnesses technology to protect elephants and rhinos that are being poached with unprecedented regularity. Collaborating with the World Wildlife Fund , Air Shepherd flies drones in Zimbabwe ‘s Hwange National Park, covering more ground than rangers can on foot. If they see suspicious activities, they report it to rangers who can then go in on the ground and stop would-be poachers. The drones can fly at night, when poachers sneak in to poison watering holes, but when it’s difficult for rangers to operate effectively. Related: Could printing synthetic GMO rhino horns help save real rhinos from extinction? Air Shepherd’s head of drone operations Otto Werdmuller Von Elgg said in a statement, “Historically, there has been little ability for anti-poaching operations to work at night. You can’t see tracks, it’s difficult to see people, and it’s dangerous because the anti-poaching teams can walk onto elephants, rhinos, or buffaloes. Our night-time operations change the game in favor of the elephants and in the case of Zimbabwe we are in a unique position to help monitor the park during the day to spot poachers who are using cyanide.” Death by cyanide is agonizing for elephants, and often poachers come in to hack off their tusks before they are dead. But it’s easy for poachers to obtain cyanide, which enables them to kill a large quantity of animals in silence. Air Shepherd’s drones work to end the slaughter, and they’re hoping to send out even more teams to accelerate their work. Through money raised in the Indiegogo campaign, Air Shepherd hopes to outfit two new drone teams. Their initial goal was to raise $50,000, and they’ve already raised over $60,000. Their new goal is $200,000; you can back the campaign here . + Air Shepherd + Lindbergh Foundation Images via Air Shepherd Facebook

View original post here: 
Air Shepherd drones hunt poachers using cyanide to poison Zimbabwe wildlife

WWF predicts wild animal populations will plummet 67 percent by 2020

October 27, 2016 by  
Filed under Eco, Green

Comments Off on WWF predicts wild animal populations will plummet 67 percent by 2020

Two-thirds of wild animals around the world could be gone in less than five years , according to a new report compiled by researchers from the World Wildlife Fund (WWF) and the Zoological Society of London. The latest edition of Living Planet Index (LPI), released this week, warns that loss of habitat due to environmental destruction, global warming, hunting, and pollution will result in a sixth mass extinction. Using 1970 animal population data as a baseline, scientists have measured the state of biological diversity and now warn that the world will have lost 67 percent of its animals by 2020 if major conservation efforts are not implemented immediately. The LPI report measures the condition of the world’s biodiversity by evaluating population trends of animals that live on both land and in the sea. The new report recognizes that dangers to animals worldwide are not new. In fact, researchers point to a 58-percent overall drop in global populations of mammals, birds, reptiles, and fish between 1970 and 2012. That translates to an approximate 2-percent loss of species each year. Environmental destruction has continued, both directly at the hands of humans in the form of hunting and deforestation, as well as secondary effects such as rising global temperatures, making the threat even more severe. Related: Vanishing land snail signals the 6th mass extinction is well underway The LPI warns that we are approaching a crucial threshold and, without major conservation efforts, the worldwide decline in animal populations will reach 67 percent by 2020. “We are no longer a small world on a big planet. We are now a big world on a small planet, where we have reached a saturation point,” said Prof Johan Rockström, executive director of the Stockholm Resilience Centre, in a foreword for the report. Of all animals on earth, those dwelling in rivers and lakes have been impacted most severely by human activity. Animal populations in freshwater wetlands are down by 81 percent from 1970 figures, which the LPI report says is attributed to excessive water extraction, pollution, and dams. Global warming, which forces animals to adjust their habits, lifestyles, and even territories, amplifies the negative effects of human action and accelerates the loss of life. Via The Guardian Images via Wikipedia ( 1 , 2 , 3 )

See the original post: 
WWF predicts wild animal populations will plummet 67 percent by 2020

Scientists say Great Barrier Reef coral death has reached devastating heights

October 27, 2016 by  
Filed under Eco, Green

Comments Off on Scientists say Great Barrier Reef coral death has reached devastating heights

Data from a period of widespread coral bleaching in the Great Barrier Reef is trickling in and it does not look good. Researchers are finding that the formerly pristine northern section of the reef has been hit especially hard , with up to 80 percent of corals killed as a result of warming waters or subsequent predators and disease. A recent report from researchers at the ARC Centre of Excellence for Coral Reef Studies at James Cook Universit y in Queensland shows the most up to date state of the damage. Scientists have taken several surveys since March, when the area was inundated with unseasonably warm waters – each painting a bleaker picture than the last. Estimates in May suggested at least 50 percent of the northern reef had died, a statistic that was bumped up to 80 percent with these recent findings. “The mortality is devastating really,” senior research fellow Andrew Hoey told The Washington Post . “It’s a lot higher than we had hoped.” Related: No, the Great Barrier Reef isn’t dead – but it is damaged If there is any silver lining to this report, it is that the central and southern areas of the reef were not hit as badly as the north. To put things into perspective, a total 22 percent of corals have died cross the entire reef, according to the The Great Barrier Reef Marine Park Authority . Where the damage is most severe, researchers note the influx of climate change-induced warm waters resulted in the first wave of coral die-off. Invasion of predatory snails and disease have since swept in to kill much of the surviving corals. This particular bleaching event is said to be even worse than those of 1998 and 2002 – though more data needs to be gathered. Hoey says it could take one or two decades for the reef to recover from such devastation, assuming another mass bleaching event does not strike again in that time. With climate change doing anything but slowing down, those chances might be slim. Via  The Washington Post Images via  Wikimedia , Pixabay

The rest is here: 
Scientists say Great Barrier Reef coral death has reached devastating heights

11 Zimbabwe elephants found dead from cyanide poisoning in Cecil’s park

October 9, 2015 by  
Filed under Eco, Green

Comments Off on 11 Zimbabwe elephants found dead from cyanide poisoning in Cecil’s park

Hwange National Park in Zimbabwe has been the scene of another unnecessary killing, as park officials have confirmed they found 11 elephants poisoned to death with cyanide. Just months after Cecil the Lion was killed by American dentist Dr. Walter James Palmer in the same park, park rangers found the deceased elephants next to a cyanide-laced salt lick, several with their tusks removed. Authorities have also said three additional elephants were found dead in Matusadona Park, also from cyanide poisoning. Read the rest of 11 Zimbabwe elephants found dead from cyanide poisoning in Cecil’s park

See original here:
11 Zimbabwe elephants found dead from cyanide poisoning in Cecil’s park

Zimbabwe charges game park owner for illegal hunt of Cecil the lion

August 19, 2015 by  
Filed under Green

Comments Off on Zimbabwe charges game park owner for illegal hunt of Cecil the lion

In the wake of the illegal killing of Cecil —a 13-year-old black-maned lion and popular tourist attraction—in Zimbabwe, authorities have charged a nearby game park owner in association with the lion’s death. Honest Ndlovu, whose property sits adjacent to the Hwange National Park, has been charged by prosecutors for permitting “a person who is not ordinarily resident in Zimbabwe to hunt the said animal which was not on the hunting quota.” Read the rest of Zimbabwe charges game park owner for illegal hunt of Cecil the lion

View original here:
Zimbabwe charges game park owner for illegal hunt of Cecil the lion

Next Page »

Bad Behavior has blocked 1508 access attempts in the last 7 days.