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30 October 2015

Atta Africa Financial Update

Executive summary: Education is the most powerful weapon which you can use to change the world.

Nelson Mandela’s words still echo in many South African ears and hearts, filtering through to the ‘born-free’ generation recently protesting against a rise in university fees in South Africa. The #FeesMustFall movement was sparked following Wits students protesting against their university’s new fees policy, and was taken nationwide within the week culminating at Cape Town’s Union Buildings.

The protests were relatively peaceful overall and have forced both universities and political parties to open dialogue, a propitious time to readdress the country’s poor education record. South Africa regularly features in the bottom decile of the World Economic Forum education performance indicator, its private sector is – once again – stepping in where government agencies have failed.

As for most other developmental areas such as power, transport infrastructure and agriculture, Africa will need all the help it can get in educating its youth. Cheap and large-scale private is gaining traction but is unlikely to ever fully replace free services.

Google to acquire 12.5% stake in the Lake Turkhana wind project
 
  • The Lake Turkana Wind Power Station is a controversial planned wind power project in Kenya
  • The project it is a 300 MW wind farm
  • Google has committed US$2 billion to 22 clean energy projects around the world