The Aboriginal Business Forum of South Africa (ABFSA) is set to transform the economic landscape of Kimberley with a new diamond polishing and jewellery-making factory. This initiative, aimed at benefiting marginalized Indigenous communities in the Northern Cape, was solidified this week with a memorandum of understanding signed in Namibia. ABFSA CEO Vernon Mostert emphasized that the project will not only create jobs and provide skills training but also help preserve Indigenous cultures and languages. The collaborative effort, involving the Indigenous Peoples Businesses Forum and Ministry of Trade representatives, marks a significant step towards local empowerment and economic justice.
Tag: Economic Development
Africa’s Clean Energy Surge: A Beacon of Hope in Declining Foreign Investments
Despite a slight decline in overall foreign investment flows to Africa in 2023, the continent’s clean energy sector has seen a remarkable surge, attracting significant global interest. Noteworthy investments include a $34 billion green hydrogen project in Mauritania and over $10 billion for wind and solar projects in Egypt, South Africa, and Zimbabwe. These developments highlight Africa’s growing commitment to sustainability and its potential to lead in renewable energy, driving economic growth and environmental progress.
Global Coal Organization Calls for Balanced Approach to Energy Policy
The recent announcement by the Group of Seven (G7) forum to phase out unabated coal by 2035 has sparked debate and scrutiny from various quarters, […]