Friday, July 1, 2022

2022 Africa Wealth Report: Big 5 hold over 50% of Africa’s private wealth

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The total private wealth currently held on the African continent is USD 2.1 trillion and is expected to rise by 38% over the next 10 years, according to the latest 2022 Africa Wealth Report, published today by Henley & Partners in partnership with New World Wealth. The report reveals that Africa’s ‘Big 5’ private wealth markets; South Africa, Egypt, Nigeria, Morocco, and Kenya — together account for over 50% of the continent’s total wealth. There are 136,000 high-net-worth individuals (HNWIs) with private wealth of $1M or more living in Africa, along with 305 centi-millionaires with $100m or more, and 21 US dollar billionaires.

There’s rice at home: 4 easy rice recipes to make tastier home meals

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Check any pantry, arrive at any buffet and you are likely to find rice. We love it because it is easy to cook; you can just throw it into a pan with water and boil. We also love it because it goes well with anything: rice and beans, rice and chicken, rice and fish, beef and rice, are all combos many people can relate to.

Top ten Ugandan delicacies you ought to try out before the end of 2022

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Uganda is blessed with a wide range of food. From matooke to millet, potatoes to cassava and a variety of coloured vegetables. It is also blessed with an abundance of foreign food.

Thales opens sixth Cyber Security Operations Center in Morocco

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Thales is opening a new Cyber Security Operations Center (SOC) in Morocco, the sixth in its international network. This Cyber Security Operations Center (SOC) will provide real-time protection against cyber-attacks in the country and across the African continent as a whole. The digital transformation of African societies, as illustrated by the extensive use of mobile payments across the continent, and the rise in teleworking due to the health crisis, have had a major impact on Africa's vulnerability to cyber-attacks.

Cement and concrete industry launches Net Zero Accelerators

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The Global Cement and Concrete Association (GCCA) has launched a series of Net Zero Accelerator initiatives to help national cement and concrete industries decarbonise in line with the GCCA’s 2050 Net Zero Global Industry Roadmap. The first wave will launch in Egypt, which later this year will host COP27, as well as in India, Thailand and Colombia.

Qwezi Beauty powered by Moringa Oleifera launches in North America

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Raintree Farms announces Qwezi Beauty expansion into North America. Qwezi Beauty is fast-growing personal care brand. Qwezi Beauty products harness the power of Raintree Farms grown Moringa Oleifera to provide smooth, glowing, healthy skin and hair. All Qwezi Beauty products are made with virgin Moringa Oil grown on small organic family farms in Masindi, Uganda. Pressed straight from the seed, Qwezi Beauty pure, unrefined moringa oil is free of additives and fragrance (chemical or otherwise!) Qwezi Beauty uses a cold-extraction and filtration process that preserves all the benefits of pure Moringa Oil.

The right whites can make or break job openings for African migrants

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Racial hierarchies are hindering African-born migrants from securing meaningful employment in South Australia, according to new research by the University of South Australia. The research was conducted in partnership with the University of Technology Sydney, researchers found that knowing the ‘right’ (white) people was vital to securing a job; without this, African migrants often found themselves locked out of the employment market.
onshore oil development

Schlumberger secures Saudi Aramco gas drilling project after being awarded service contract in Uganda

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Energy tech company Schlumberger recently announced a major contract award by Saudi Aramco for integrated drilling and well construction services in a gas drilling project. This award also comes just a few weeks since Schlumberger was awarded an extensive contract for drilling, completions and production services by TotalEnergies for its Tilenga onshore oil development in Uganda.

New report: Cyber threat rises as criminals and state actors collaborate

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FS-ISAC, the global cyber intelligence sharing community solely focused on financial services, announced the findings of its annual Global Intelligence Office report, Navigating Cyber 2022. The report found that the rapid digitization of the financial services sector has led to a rise in global cyber threats in 2021, specifically the acceleration of high-profile cyber-attacks targeting third-party suppliers and critical zero-day vulnerabilities. This led FS-ISAC to increase its Regional Cyber Threat Levels an unprecedented three times in 2021.

Oakley moves to inspire cyclists across the globe with its bike chapter

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Oakley announces the launch of its newest chapter of the “Be Who You Are” story, which showcases the 2022 Bike Collection and features narration from Team Oakley road cyclist Mark Cavendish. Within, the piece highlights the ways in which a bike is more than just two wheels, it is an enabler of human possibilities, strength, and freedom, giving the rider the power to explore infinite paths.