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Informa-Tech-Huawei-Broadband-Africa-Forum – Huawei

[Casablanca, Morocco, November 24, 2021] Broadband Africa Forum, the most influential broadband industry summit in the Africa region, was hosted by Informa Tech and co-sponsored by Huawei. Under the theme of this summit is “Lighting Up African Future With High-Quality Broadband”, experts from the region and all over the world shared their experience and discussed how to achieve booming broadband growth in Africa with innovation in policy, commercial and technology.
Broadband has become an important engine for economic development. According to the World Bank studies, every 10 per cent of broadband penetration can generate 1.5 per cent of GDP growth. In the past few years, the broadband penetration rate and average speed in the African region have increased rapidly, but they are still far behind the global average.

Informa Tech and Huawei Host the Third Broadband Africa Forum

“Huawei has stayed in Africa for more than 20 years. We have a dream that is to bring digital to every African home,” said Benjamin Hou, President of Huawei Northern Africa Carrier Business Dept. “We are committed to providing advanced broadband solutions and introducing the global best experience, and help African people to bridge the digital divide.”
During the summit, delegates from Africa Union, governments and regulators, operators and enterprise representatives, analysts in the region had an in-depth discussion on how to expand broadband services and develop broadband applications in Africa. Omdia releases “Africa Broadband Outlook 2021” together with FDI Index, which reveals that fiber and FWA emerge as the mainstream broadband technologies in Africa, and the African governments are becoming more active, which increasingly providing funding and developing policies to support broadband development.
The epidemic has profoundly changed the operation mode of organizations and individual lifestyles, and African countries need to treat broadband as universal services like water and electricity to support social stability and economic development. The active involvement and support of governments have provided a new engine for broadband deployment, and the new generation advanced technology has created new opportunities for Africa to bridge the digital divide. All stakeholders should actively participate, open and cooperate to promote the development of the broadband popularization in Africa.

[Casablanca, Morocco, November 24, 2021] Broadband Africa Forum, the most influential broadband industry summit in the Africa region, was hosted by Informa Tech and co-sponsored by Huawei. Under the theme of this summit is “Lighting Up African Future With High-Quality Broadband”, experts from the region and all over the world shared their experience and discussed how to achieve booming broadband growth in Africa with innovation in policy, commercial and technology.

Broadband has become an important engine for economic development. According to the World Bank studies, every 10 per cent of broadband penetration can generate 1.5 per cent of GDP growth. In the past few years, the broadband penetration rate and average speed in the African region have increased rapidly, but they are still far behind the global average.

Third Broadband Africa Forum

Informa Tech and Huawei Host the Third Broadband Africa Forum

“Huawei has stayed in Africa for more than 20 years. We have a dream that is to bring digital to every African home,” said Benjamin Hou, President of Huawei Northern Africa Carrier Business Dept. “We are committed to providing advanced broadband solutions and introducing the global best experience, and help African people to bridge the digital divide.”

During the summit, delegates from Africa Union, governments and regulators, operators and enterprise representatives, analysts in the region had an in-depth discussion on how to expand broadband services and develop broadband applications in Africa. Omdia releases “Africa Broadband Outlook 2021” together with FDI Index, which reveals that fiber and FWA emerge as the mainstream broadband technologies in Africa, and the African governments are becoming more active, which increasingly providing funding and developing policies to support broadband development.

The epidemic has profoundly changed the operation mode of organizations and individual lifestyles, and African countries need to treat broadband as universal services like water and electricity to support social stability and economic development. The active involvement and support of governments have provided a new engine for broadband deployment, and the new generation advanced technology has created new opportunities for Africa to bridge the digital divide. All stakeholders should actively participate, open and cooperate to promote the development of the broadband popularization in Africa.

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Egypt legaltech startup Hekouky secures pre-seed investment – Tech in Africa

Hekouky, a Cairo-based legaltech startup has raised an undisclosed pre-seed funding amount from Nama Ventures a MENA-focussed pre-seed fund. This Egypt startup incorporates companies and registers trademarks for top entrepreneurs and business owners. Hekouky works to solve the complex, costly and time-consuming headache of getting legal transactions sorted for business people through its one-stop-shop simplified yet hassle-free platform. The funding will go towards expanding its business across Africa.
Hekouky was founded in 2021 by Hala Riad, Mayy Abdelbary, and Fatima Khalil, with diverse backgrounds and experiences. The women-led company share a common passion, dedication, and vision to make legal services accessible to all, resulting in easier, quicker, and traceable transactions for everyone.
Hala Riad the co-founder of Hekouky described the company’s mission as to make entrepreneurs in Egypt and MENA region chase their dreams. Speaking on the investment Nama Ventures Managing Partner Mohammed Alzubi was upbeat that “the regtech space in Mena is ripe for disruption.” He also described Hala, Mayy, and Fatima as a team in full command of what it takes to build a  great regtech startup.

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Source: Wamda

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Hekouky, a Cairo-based legaltech startup has raised an undisclosed pre-seed funding amount from Nama Ventures a MENA-focussed pre-seed fund. This Egypt startup incorporates companies and registers trademarks for top entrepreneurs and business owners. Hekouky works to solve the complex, costly and time-consuming headache of getting legal transactions sorted for business people through its one-stop-shop simplified yet hassle-free platform. The funding will go towards expanding its business across Africa.

Hekouky was founded in 2021 by Hala Riad, Mayy Abdelbary, and Fatima Khalil, with diverse backgrounds and experiences. The women-led company share a common passion, dedication, and vision to make legal services accessible to all, resulting in easier, quicker, and traceable transactions for everyone.

Hala Riad the co-founder of Hekouky described the company’s mission as to make entrepreneurs in Egypt and MENA region chase their dreams. Speaking on the investment Nama Ventures Managing Partner Mohammed Alzubi was upbeat that “the regtech space in Mena is ripe for disruption.” He also described Hala, Mayy, and Fatima as a team in full command of what it takes to build a  great regtech startup.

@media(max-width: 600px) {.adace_adsense_61a6f0f5c1ef6 {display:block !important;}}
@media(min-width: 601px) {.adace_adsense_61a6f0f5c1ef6 {display:block !important;}}
@media(min-width: 801px) {.adace_adsense_61a6f0f5c1ef6 {display:block !important;}}
@media(min-width: 961px) {.adace_adsense_61a6f0f5c1ef6 {display:block !important;}}

@media(max-width: 600px) {.adace_adsense_61a6f0f5c18d1 {display:block !important;}}
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Source: Wamda

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14 grocery items in South Africa that are far more expensive than a year ago – BusinessTech

The latest Household Affordability Index by the Pietermaritzburg Economic Justice & Dignity group (PMBEJD) shows that food prices dropped in November 2021, following steep price hikes in October.
The civil society initiative’s data showed that year-on-year basket prices have increased by 6.3%, outstripping headline inflation.
Statistics South Africa’s latest Consumer Price Index for October 2021 shows that headline inflation is 5%, and for the lowest expenditure quintiles 1-3, it is 6.5%, 6%, and 5.2% respectively. CPI Food inflation is 6.7%. The Producer Price Index for October 2021 shows that agricultural inflation was 8.7%.
The key point of contention around inflation figures is that salaries and wages are negotiated around headline inflation. The national minimum wage is often only increased by headline CPI, and social grants have more recently been raised at rates far lower than CPI.
This creates a scenario where the amount coming in, does not match the rising costs of basic living, pushing the poorest further into poverty.
In November 2021, the average cost of the Household Food Basket was at R4,272.44 – down R45.11 (-1%), from October.
Year-on-year, the average cost of the food basket increased by R254.19 (6.3%), from R4,018.25 in November 2020, and the overall basket cost is R416.10 (10.8%) higher than September 2020, when the basket was first tracked.
The basket comprises 44 core food items most frequently purchased by lower-income households, who make up most households in the country. Nineteen of the 44 foods came down in price over the last month; 15 foods increased, and 10 were flat.
These were the most significant changes, where prices increased or declined by 10% or more.
Food prices October 2021 to November 2021 – big changes

Oranges: +24%

Carrots: -12%
Butternut: -18%
Potatoes: -25%

Food prices November 2020 to November 2021 – big changes
Year on year changes are more significant, the group’s data shows, with the same basket costing 6.3% more – higher than headline inflation.

Gizzards: +33%
Beef liver: +29%
Cooking oil: +27%
Chicken livers: +26%
Sugar beans: +19%
Fish: +19%
Eggs: +15%
Beef: +15%
Apples: +15%
Wors: +14%
Polony: +13%
Frozen chicken portions: +10%
Cremora: +10%
Margarine: +10%

Green pepper: -12%
Carrots: -15%
Oranges: -32%

The difference in cost of the total household food basket in Joburg, Durban and Cape Town is consistent at around ±R150. Springbok and Pietermaritzburg tend to be outliers in the data (Springbok being highest, and Pietermaritzburg being lowest). The average cost (weighted) of the total household food basket in November 2021 is R4,272.
Households in Joburg saw higher vegetable prices, cooking oil and bread in November. The declines for baskets in other major metros were off very high spikes in October, mostly driven by seasonal changes in vegetable prices, and the delayed run-through of the electricity price increase.
“The decline in prices in November are inconsistent with past trends, albeit in most cases the decreases were less than the spikes a month earlier,” the group said.
“The continuing run-through of higher electricity prices in the long value chains, along with the cost of alternative supplies when electricity is not available; the steeper fuel price hikes and higher cost of transportation; and the weakening rand (which substantially increases the costs of agriculture as a very high proportion of inputs are imported) – all work to drive food prices upwards.
The Brent Crude oil price – while weakening recently amid concerns of renewed global lockdowns, and if heeded may reduce global production and trade – still presents an upside risk. Last week the Reserve Bank increased the repo rate, which will also put pressure on debt servicing, and further drive prices upwards, the PMBEJD said.
“Our analysis is that food prices will continue their upward trajectory for the foreseeable future,” it said.

Persistently high prices
Analysts have warned that the steep price hikes in fuel coming this week will have a significantly detrimental impact on consumers in the coming months. Retailers and all stakeholders along the value chain will see a sharp rise in businesses costs, which may invariably be passed on to consumers.
“We know that salaries and wages are not keeping pace with these increases, and these increases will have a knock-on effect for all consumers,” said the Automobile Association’s Layton Beard.
The situation in South Africa reflects the trends being seen across the world, with a new report from Dutch multinational banking and financial services company, Rabobank, pointing to persistently high food prices.
According to Bloomberg, food prices are likely to stay near record highs next year due to consumers stocking up, high energy and shipping prices, adverse weather and a strong dollar.
“Inflation in this space is almost certainly not just temporary,” Rabobank analysts said. Next year “will likely bring fewer Covid-related disruptions, but when it comes to agricultural commodity prices, any sense of normalcy looks unlikely.”
A United Nations index that tracks staple foods is at a decade high as the food supply chain has been hit by bad weather, supply disruptions and labour shortages. That’s spurred inflation around the world, causing a headache for central bankers and governments.
Disruptions and prices should ease next year, but only slightly, Rabobank said, adding that high costs of food may lead to social upheaval. “Social discontent is already being felt in a few countries, and more is likely to come in 2022.”
With Bloomberg

Read: How much more you are paying for petrol in South Africa since the start of the year

The latest Household Affordability Index by the Pietermaritzburg Economic Justice & Dignity group (PMBEJD) shows that food prices dropped in November 2021, following steep price hikes in October.

The civil society initiative’s data showed that year-on-year basket prices have increased by 6.3%, outstripping headline inflation.

Statistics South Africa’s latest Consumer Price Index for October 2021 shows that headline inflation is 5%, and for the lowest expenditure quintiles 1-3, it is 6.5%, 6%, and 5.2% respectively. CPI Food inflation is 6.7%. The Producer Price Index for October 2021 shows that agricultural inflation was 8.7%.

The key point of contention around inflation figures is that salaries and wages are negotiated around headline inflation. The national minimum wage is often only increased by headline CPI, and social grants have more recently been raised at rates far lower than CPI.

This creates a scenario where the amount coming in, does not match the rising costs of basic living, pushing the poorest further into poverty.

In November 2021, the average cost of the Household Food Basket was at R4,272.44 – down R45.11 (-1%), from October.

Year-on-year, the average cost of the food basket increased by R254.19 (6.3%), from R4,018.25 in November 2020, and the overall basket cost is R416.10 (10.8%) higher than September 2020, when the basket was first tracked.

The basket comprises 44 core food items most frequently purchased by lower-income households, who make up most households in the country. Nineteen of the 44 foods came down in price over the last month; 15 foods increased, and 10 were flat.

These were the most significant changes, where prices increased or declined by 10% or more.

Food prices October 2021 to November 2021 – big changes


  • Oranges: +24%

  • Carrots: -12%
  • Butternut: -18%
  • Potatoes: -25%

Food prices November 2020 to November 2021 – big changes

Year on year changes are more significant, the group’s data shows, with the same basket costing 6.3% more – higher than headline inflation.


  • Gizzards: +33%
  • Beef liver: +29%
  • Cooking oil: +27%
  • Chicken livers: +26%
  • Sugar beans: +19%
  • Fish: +19%
  • Eggs: +15%
  • Beef: +15%
  • Apples: +15%
  • Wors: +14%
  • Polony: +13%
  • Frozen chicken portions: +10%
  • Cremora: +10%
  • Margarine: +10%

  • Green pepper: -12%
  • Carrots: -15%
  • Oranges: -32%

The difference in cost of the total household food basket in Joburg, Durban and Cape Town is consistent at around ±R150. Springbok and Pietermaritzburg tend to be outliers in the data (Springbok being highest, and Pietermaritzburg being lowest). The average cost (weighted) of the total household food basket in November 2021 is R4,272.

Households in Joburg saw higher vegetable prices, cooking oil and bread in November. The declines for baskets in other major metros were off very high spikes in October, mostly driven by seasonal changes in vegetable prices, and the delayed run-through of the electricity price increase.

“The decline in prices in November are inconsistent with past trends, albeit in most cases the decreases were less than the spikes a month earlier,” the group said.

“The continuing run-through of higher electricity prices in the long value chains, along with the cost of alternative supplies when electricity is not available; the steeper fuel price hikes and higher cost of transportation; and the weakening rand (which substantially increases the costs of agriculture as a very high proportion of inputs are imported) – all work to drive food prices upwards.

The Brent Crude oil price – while weakening recently amid concerns of renewed global lockdowns, and if heeded may reduce global production and trade – still presents an upside risk. Last week the Reserve Bank increased the repo rate, which will also put pressure on debt servicing, and further drive prices upwards, the PMBEJD said.

“Our analysis is that food prices will continue their upward trajectory for the foreseeable future,” it said.

Persistently high prices

Analysts have warned that the steep price hikes in fuel coming this week will have a significantly detrimental impact on consumers in the coming months. Retailers and all stakeholders along the value chain will see a sharp rise in businesses costs, which may invariably be passed on to consumers.

“We know that salaries and wages are not keeping pace with these increases, and these increases will have a knock-on effect for all consumers,” said the Automobile Association’s Layton Beard.

The situation in South Africa reflects the trends being seen across the world, with a new report from Dutch multinational banking and financial services company, Rabobank, pointing to persistently high food prices.

According to Bloomberg, food prices are likely to stay near record highs next year due to consumers stocking up, high energy and shipping prices, adverse weather and a strong dollar.

“Inflation in this space is almost certainly not just temporary,” Rabobank analysts said. Next year “will likely bring fewer Covid-related disruptions, but when it comes to agricultural commodity prices, any sense of normalcy looks unlikely.”

A United Nations index that tracks staple foods is at a decade high as the food supply chain has been hit by bad weather, supply disruptions and labour shortages. That’s spurred inflation around the world, causing a headache for central bankers and governments.

Disruptions and prices should ease next year, but only slightly, Rabobank said, adding that high costs of food may lead to social upheaval. “Social discontent is already being felt in a few countries, and more is likely to come in 2022.”

With Bloomberg


Read: How much more you are paying for petrol in South Africa since the start of the year

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South Africa’s Aspen to make its own-brand Covid-19 vaccine – BusinessTech

Aspen Pharmacare plans to enter into a licensing agreement with Johnson & Johnson allowing the South African drug company to make its own-branded Covid-19 vaccine.
The agreement, confirmed by Aspen in a statement Tuesday, would extend an existing deal for it to package and fill vials of the US company’s shots at a plant in South Africa.
The South African-based pharmaceutical plans to launch this vaccine under the brand name ‘Aspenovax’, it said in a trading statement on Tuesday (30 November).
The group said it will manufacture the vaccine using drug substances supplied by Johnson & Johnson, and then sell the vaccine under the Aspenovax branding to a number of African countries.
The agreement will run until the end of 2026 and includes the right to manufacture additional versions based on booster shots or new Covid-19 variants.
Aspen, Africa’s largest drugmaker, has the capacity to manufacture as many as 300 million doses of the J&J shot and plans to increase that over time to more than 700 million by January 2023.
The agreement comes as South Africa grapples with the recent discovery of the new Omicron Covid-19 variant. Details on the variant are scarce, and scientists say they currently don’t have enough information on how transmissible the variant is or whether existing vaccines could be less effective.
The variant is driving a fourth wave of Covid-19 infections in Gauteng, with the province reporting high levels of Covid-19 cases and hospital admissions.
According to Dr Waasila Jassat of the National Institute for Communicable Diseases, hospital admissions have mostly been recorded in Tshwane, in both the private and public sectors.
However, the other districts are also starting to show signs of the peak in those who land in hospital because of Covid-19 since the past week, with the unvaccinated more likely to seek hospital treatment or die.
“There’s a sharp week on week increase. And it’s important to note because as we know that when the hospitals become overwhelmed, there’s less capacity and more mortality.”
According to Jassat, who was speaking during a media briefing with Health Minister, Dr Joe Phaahla, the highest risk of admissions is still in the over 65 age group and has been peaking in all age groups over the last six weeks.
However, the percentage in the middle age group was low, while data shows that it was ‘very’ high in young children. “Of course, higher proportions of older people are being admitted, because they’re at risk for more severe disease,” she said.
New vaccines could be necessary 
The plethora of mutations in the omicron variant are likely to help it evade protection provided by existing vaccines, making it necessary to develop new immunizations, Moderna chief executive Stephane Bancel told the Financial Times.
It may take months for pharmaceutical companies to develop and deploy updated immunizations that they can deliver in large numbers, Bancel said in an interview with the newspaper.
There is no way the current shots will provide the same level of protection against omicron as they do against delta, he said.
The current vaccines from companies including Moderna, Pfizer, BioNTech AstraZeneca, and Johnson & Johnson are all able to help reduce the risk of severe infection and death from the previous strains of the virus, though they work less well against the more transmissible delta variant.
Research is still underway to determine if omicron causes the same level of illness as older versions of the virus, if it can evade protection from vaccines and previous infections, and if it will be able to outcompete the existing strains as the pathogen continues to circulate throughout the world.
Pfizer chief executive Albert Bourla said his company will be ready with a vaccine targeting omicron in 100 days, should it be necessary.
With further reporting by Bloomberg.

Read: South Africa’s vaccine mandates face legal challenge

Aspen Pharmacare plans to enter into a licensing agreement with Johnson & Johnson allowing the South African drug company to make its own-branded Covid-19 vaccine.

The agreement, confirmed by Aspen in a statement Tuesday, would extend an existing deal for it to package and fill vials of the US company’s shots at a plant in South Africa.

The South African-based pharmaceutical plans to launch this vaccine under the brand name ‘Aspenovax’, it said in a trading statement on Tuesday (30 November).

The group said it will manufacture the vaccine using drug substances supplied by Johnson & Johnson, and then sell the vaccine under the Aspenovax branding to a number of African countries.

The agreement will run until the end of 2026 and includes the right to manufacture additional versions based on booster shots or new Covid-19 variants.

Aspen, Africa’s largest drugmaker, has the capacity to manufacture as many as 300 million doses of the J&J shot and plans to increase that over time to more than 700 million by January 2023.

The agreement comes as South Africa grapples with the recent discovery of the new Omicron Covid-19 variant. Details on the variant are scarce, and scientists say they currently don’t have enough information on how transmissible the variant is or whether existing vaccines could be less effective.

The variant is driving a fourth wave of Covid-19 infections in Gauteng, with the province reporting high levels of Covid-19 cases and hospital admissions.

According to Dr Waasila Jassat of the National Institute for Communicable Diseases, hospital admissions have mostly been recorded in Tshwane, in both the private and public sectors.

However, the other districts are also starting to show signs of the peak in those who land in hospital because of Covid-19 since the past week, with the unvaccinated more likely to seek hospital treatment or die.

“There’s a sharp week on week increase. And it’s important to note because as we know that when the hospitals become overwhelmed, there’s less capacity and more mortality.”

According to Jassat, who was speaking during a media briefing with Health Minister, Dr Joe Phaahla, the highest risk of admissions is still in the over 65 age group and has been peaking in all age groups over the last six weeks.

However, the percentage in the middle age group was low, while data shows that it was ‘very’ high in young children. “Of course, higher proportions of older people are being admitted, because they’re at risk for more severe disease,” she said.

New vaccines could be necessary 

The plethora of mutations in the omicron variant are likely to help it evade protection provided by existing vaccines, making it necessary to develop new immunizations, Moderna chief executive Stephane Bancel told the Financial Times.

It may take months for pharmaceutical companies to develop and deploy updated immunizations that they can deliver in large numbers, Bancel said in an interview with the newspaper.

There is no way the current shots will provide the same level of protection against omicron as they do against delta, he said.

The current vaccines from companies including Moderna, Pfizer, BioNTech AstraZeneca, and Johnson & Johnson are all able to help reduce the risk of severe infection and death from the previous strains of the virus, though they work less well against the more transmissible delta variant.

Research is still underway to determine if omicron causes the same level of illness as older versions of the virus, if it can evade protection from vaccines and previous infections, and if it will be able to outcompete the existing strains as the pathogen continues to circulate throughout the world.

Pfizer chief executive Albert Bourla said his company will be ready with a vaccine targeting omicron in 100 days, should it be necessary.

With further reporting by Bloomberg.


Read: South Africa’s vaccine mandates face legal challenge

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Stand Out From The Crowd

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